To: Reeses
the SP and NASDAW P/E averages of 27 and 23, while high, are NOT CLOSE to the 71 of 2008.
Correction, yes. Crash, no.
MAYBE 14k if things are bad.
not 2008 numbers.
4 posted on
04/15/2016 11:37:24 AM PDT by
dp0622
(The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
To: dp0622
You are correct in that the PE is not anywhere near 2008 levels, but FED is keeping interest rates much lower than in 2008.
There is simply no place to keep your money, because
there is no yield anywhere with safety of principle.
Although, if recession indeed comes back strong, PE’s will
quickly rocket up.
33 posted on
04/15/2016 2:58:32 PM PDT by
entropy12
(When you vote, you are actually voting for the candidate's rich donors!)
To: dp0622
It was 2000 that had the extreme P/E levels but recently it ain't cheap neither.
41 posted on
04/15/2016 9:11:10 PM PDT by
steve86
(Prophecies of Maelmhaedhoc OMorgair (Latin form: Malachy))
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