Sunday, July 10, 2005 7:19:44 PM
Doesn't matter... the point of the chart was that every time 20 was exceeded a p/e of 10 followed.
Sometimes it took years as was pointed out. The thing is that historically. valuations above the mean are corrected by a period of valuations under the mean.
i.e. Further bear market action.
Sometimes it took years as was pointed out. The thing is that historically. valuations above the mean are corrected by a period of valuations under the mean.
i.e. Further bear market action.
Gizmo...
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