Elaine Supkis

Changes in P/E Ratios During the Current Bear Market

Prosperity is around the corner! There is no inflation anymore. Alas, this is January,1932 and the end of the first year of the Great Depression.

I heard on my radio that now is a great time to buy stocks and properties. So what, if the banks are collapsing? Who cares if the government is going broke? Who worries about all those homeowners not paying the mortgage?

Happy days are here again! We're in the money! 42nd Street, here I come! I want to be in a Busby Berkeley tap dance movie!

Whew. I knew this was a comedy site! As the world slides into a mega-recession, all our trade partners are doing everything in their power to drop the value of their currencies, deny there is any inflation and thus, kill inflation!

So what, if jobs are disappearing. Who cares if wages are falling. It doesn't matter that international trade is going totally cut-throat! Did you hear that the Disney people are making an ALL TALKING/ALL COLOR 'Snow White and the Seven Dwarves'? Technology in action!

We need to fear nothing but fear itself, as Roosevelt said.