Keithcho

Reversion to the Mean for Equities

A question: Is the comparison of NYSE capitalization from 20s, 40s and 70s valid given that alternative exchanges such as NASDAQ have emerged as viable alternatives to the NYSE?

Property Worsens: Beginning, Middle or End?

The chart is very interesting. We will see whether it is telling: The housing market has never (since 1970), had a major sell off that did not bottom during a recession. There are two choices, here - either it is different this time, or it isn't. I'll bet on the last 37 years of history, you?