12-02-2014, 12:27 PM
(12-02-2014, 11:38 AM)valuebuddies Wrote: http://www.marketwatch.com/story/scary-1...2014-02-11The PE of S&P in 1929 was 32+. Current PE is still way below 32 right? So the likely hood it will continue to follow the chart is low unless earnings declined by half.
Even down to 12,400, it would still not yet the bottom for DJI IMO