Forward earnings could certainly suggest "bubble" > 20x current price levels.
On Apr 20 07:33 AM Cetin Hakimoglu wrote:
> Sorry, but It's fallacious to call this a 'bubble' when PE ratios > are still very low. If the S&P 500 had a PE ratio of 20 it would > be in the 1,400 range. Obama won't let GM go bankrupt because he > needs union votes in 2012. However, the failure of GM wouldn't have > negative ramifications. And what if the economic recovery does come. > Then what?
Five Ways This Bubble May End [View article]
On Apr 20 07:33 AM Cetin Hakimoglu wrote:
> Sorry, but It's fallacious to call this a 'bubble' when PE ratios
> are still very low. If the S&P 500 had a PE ratio of 20 it would
> be in the 1,400 range. Obama won't let GM go bankrupt because he
> needs union votes in 2012. However, the failure of GM wouldn't have
> negative ramifications. And what if the economic recovery does come.
> Then what?