weargue

Financial Stock Valuations: The Mirror Image of Tech Stocks in '99?

As one commenter pointed out, it's down to a 12 year low. that's not exactly the worst ever, bottomless pit, world coming to an end price. so 2009 versus 1999 is that we have cnbc, btv, seekingalpha, zillions of financial websites, the babyboomers getting old and finally wising up to finance...that's what's changed.

one financial conference on CSPAN this week had an economist point out that at the 1933 low, per person production was down 40 PERCENT. know what it is now after all this gloom and doom? 0.2 PERCENT. yes, not a misprint zero point 2 percent.