Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

Regards Russell refutation of NYT Norris view "that bottom is in because this feels like 1974". This one sentence by Russell says it all, it alone kills this 1974 silliness. <<In 1974 the S&P was selling at 7.5 times earnings and yielding 5.1%. Today the S&P sells at 31 times earnings with a dividend yield of 1.7%. A bit of a difference, wouldn't you say? Not the kind of values that large, seasoned interests load up on.>> Like, come on, you "it's like the 74 bottom ". I let the facts make the case against view.
Max