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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST
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To: Fiscally Conservative who wrote (80231)9/24/2011 10:53:38 AM
From: KyrosL  Read Replies (2) of 217749
 
My impression is that the US stock market at its current level is not overestimating a European implosion. Stocks appear cheap relative to bonds only because profits as percent of GDP are at all time highs. Unless there is vigorous growth in the economy soon, profits will revert to the mean.
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