"It would be interesting to show TA-only types a chart of the PE-ratio of the market over time without labeling it as PEs and see what their opinion of it was." =========================================================
OOH! That sounds like fun! Can I play too?
Please?
Pretty please?
I'll even bring the charts! (I need to update the last one in the series though.)
But still, I've got linear-linear...
Log-log...
I can even break it down into (roughly) 25 year sections, like so...