OK, just a few days ago on 10/25 you stated the following:
Historically, bear markets end when P/E gets well ensconed below the average (13). Wake me up when we get there...
If P/E go below 13 with present earnings, the DOW would be way below 5000....Now I know you don't think earnings will rise substantially anytime soon, so what are you predicting if it's not a sub-5000 Dow???????????