The 1987 crash saw a correction from PE's of around 20 or so down to about 15...
Current PE's are currently less now than they corrected back down to in 1987...in fact, with every further fall from here, the PE ratios drop even further.
Someone tell me what conditions are precedent...globally...to result in significantly further falls?
I don't have the figures at hand, so perhaps someone could my assertions with hard facts.
Cheers!
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