While the corporate lackeys on CNBC continue to try and bilk the remaining retail investors, and convince the last few mom and pops out there saving for retirement that the market is cheap, and of good value, a look at some long term indicators of value tells a different story. Analysts, corporate shills, economists, Cramer, the major investment research houses, and the regular gurus making the rounds on the media outlets all agree; 2011 will be a great year. As Bob Farrell noted in his rules, "When all the experts and forecasts agree -- something else is going to happen."
Chart 1: The Shiller PE Ratio (courtesy of www.multpl.com)
Read the rest here:
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.