jcrash, I'm saying if you think that p/e's look cheap - then they likely look cheap for a reason and that could only mean one thing. When they look expensive, that's when the market will be starting to rally again.
Just fyi, P/E's are always lowest at the top of the market and highest at the bottom. If you think about it, you should understand why that would be so.
Crazy P/E Ratios [View article]
Crazy P/E Ratios [View article]