Learn from your past

America's Missed Opportunity

"GO delinquent", what a great suggestion! There can't be a better way of teaching a financially clueless nation the lesson about living within the means.

Bravo "look closer", I applaud your immense wisdom.

Too Late to Short SPY? An Historical Perspective

As painful as it is, your analysis has a lot of weight and the time frame matches with what Danielle Park mentioned on her blog:

www.jugglingdynamite.c...

But it doesn't mean we can't have cyclical bull markets between now and when S&P500 P/E bottoms out (around 6 or so).