A Longer Term Look
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)
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