DECISION POINT SHOWS CURRENT PE OF SPX at 21 with DIV yield 2% !
LAST GREAT bear bottom in 1980 was amazing time to be bullish, the yield was close to 6% ! now 2% is a bottom for stocks???
from capt cap "
"1. What if all the increase in stock prices for the past 30 years was due to cash flowing into the stock market from retirement plans, not necessarily because those stocks were good investments making them fundamentally overvalued".
Interesting thought, since 401k's etc, this FED GS and friends, FED the stock market.....a GUARANTEED source of buyers.....every month. Has that changed?
Drawing money from homes, has that changed? Bank lending down, good for economy?
GOLD is most bullish chart I can find, many think correction is coming....hasnt come yet.
D
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