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???????????
Where did I ever say that? Show me a quote please... "OK, just a few days ago on 10/25 you stated the following..." This is your evidence that I have been predicting a "sub-5000 Dow for some time now?" Wow, you need to brush up on your analytical skills. October 25 does not constitute "a long period of time", I was not refering to the Dow, and I NEVER stated any speculation on future earnings...
Try again?