19 Apr


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Most Reliable Stock Bear Market Signals Critical

S&P Hits Extreme 10-yr P/E Ratios

as Before 1929, Dot-Com, and SubPrime Crashes

One of few Best Predictors of Downturns
per Nobel economist Robert Shiller and NYTimes

Current level  27  (19Apr’15)

chart of S&P500 divided by average earnings over previous decade

click chart for latest