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  • Better To Be Lucky Than Smart: The Bear Market is Over  [View article]
    I'd like to see more contraction on the E side of that P/E equation, b/c I agree with FX - its still too high. High oil and food have yet to make it through the system - they're just starting to see it on the shelves. We're still printing money like maniacs. So, on average next 5-8 years,1-2% nominal growth if we're lucky (which means 2-4% NEGATIVE real growth) - this is the 1970s all over again - only this time, there's no Volcker in sight. Enjoy the pop up if it comes, because the it's the same as hitting the roller coaster peak.
    May 07 07:26 am |Rating: 0 0
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