2014 year of crash, page-10

http://etfdailynews.com/2013/12/04/dow-jones-industrial-average-are-stocks-really-overvalued/

the s&p 500 is only moderately higher than the october 2007 peak of 1565!

the s&p 500 at the end of the 90's had a p/e of 24,

whereas today the p/e is only 15!

hardly a bubble!

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likewise, the dow is only moderately higher than the october 2007 peak of 14164!

again pe are only moderate!

not a bubble yet!

i would be a bubble anyway north of 25,000, in the medium term! i do not see it reaching such until at least 2015!