Posted by lessarda on 21st of Sep 2011 at 11:19 am
that is, when it really bottoms out. The con(fidence) game is
over for a while and has only been artificially maintained through
life support in the past few years. The fed could bring bigger
paddles this time, but global debt crises force balance sheet
contractions that don't get solved with liquidity and they don't
get solved quickly or without more pain than has already been
suffered. Valuations will be historically cheap when P/E's are in
the single digits and index yields are near 6%.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I'll be watching consumer confidence for a buy signal any year now...
Weight of the Evidence
Posted by lessarda on 21st of Sep 2011 at 11:19 am
that is, when it really bottoms out. The con(fidence) game is over for a while and has only been artificially maintained through life support in the past few years. The fed could bring bigger paddles this time, but global debt crises force balance sheet contractions that don't get solved with liquidity and they don't get solved quickly or without more pain than has already been suffered. Valuations will be historically cheap when P/E's are in the single digits and index yields are near 6%.