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Reply #5: Yes, its a bubble.
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LeftHandPath
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Tue Dec-29-09 02:03 PM
Response to Reply #4 |
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The PE (price to earnings ratio) on the S&P right now is in the 140 range, which is a record by about a 200% margin.
The DOW has gone up 67% since March when the Fed began printing money to purchase toxic MBS's from the banks.
Where did the money come from for a 67% increase in 8 months?
Anxiously awaiting your answer, but not holding my breath.
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