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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (32493)10/16/2008 11:12:28 AM
From: peter michaelson  Read Replies (1) of 78748
 
I was there in 1987 too. This is way different.

The bull market was just a few years old in 1987. PE's were still low. Buyouts still made sense. Leverage was still moderate. Economic restructuring was still being completed.

Now the bull is over 25 - long in the tooth. PE's remain high. Leveraged to the hilt. Must restructure economy - haven't begun yet.
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