a must read on us market a fall is near, page-13

mem

market does not need to be silly overvalued for it to crash.

i not so long ago requested a chart for market PE's be posted on this site to compare time periods, market movements and PE valuations.

To my great surprise, 87 crashed on a PE of roughly 10-11. Our market currently has a PE higher than that.

A high PE is regarded to be 20-30, however, history has spoken and told us that the stock market does not need to be overvalued to silly levels for a crash to happen. There does not need to be a market bubble for the market to sharply fall. However, having a market bubble DOES make the fall feel so much more painful and sharp.

just my two bob worth - another sharp correction imminent!