TheJudge, appreciate your post, however Huntleys must be confused.
Historically PE Ratios range between 20 to 5 (5 been in 1949 and 1980).
The current PE Ratio of the S&P 500 is 18.
Thats at the top of the range, not bottom.
No major bull market in the US has started on PE Ratios more then 10.
2002 Bottom was on PE Ratios of 25!!!
all cards are in place, page-3
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