Hi Ken, Re: Secular Bear.....
Yes, again LD-AIM could be a better methodology with its virtual shares. They have numerical calculating value inside the program, but no intrinsic or even tangible value. This means no "loss" can be realized on that part of the equation.
There's two ways to solve the P/E problem -
1) Have the share prices fall with constant earnings
2) Have the earnings rise with the share price constant.
I'd prefer the second, personally, but AIM should help us even if it happens as #1 only.
Best regards, Tom
Port Washington, WI 53074