Geffa,
Just trying to get a handle on the illogical forces (to some) that are supporting this market.
The market is just one asset class that competes for capital, my point that we are in a fairly unique situation of historical low interest rates (which makes most other assets unattractive) combined with a volume of money unrivalled in history trying to find a profitable home.
The outcome is to some an illogical support of equities.
All this could (will) change when interest rates rise and other asset classes can return at a rate which is needed to sustain the boomers into retirement.
I am only pointing out historical PE analysis at this point in time of record low interest rates and unrivaled liquidity is somewhat an exercise of tunnelvision.
I am not a bull, far from it as my strategy (posted in the past) points out.
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