Asquared

Will Ignoring Past Mistakes Result in a 20-Year Bear Market?

Thank you for articulating what that nagging pit of dispair has been in my stomach. Just a quick comment on the PE analysis. If you use 2007 as the peak PE, you've really missed the peak by 6 years. The peak for equities (at least in real terms) was 2001 when PE's were twice as high and much closer to the Japanese bubble of '89.