Here's an updated comparison between PEs and S&P, both log scales to fit everything in.
Peaks match closely in sync before 2000.
Since then, 180 degs out + some offset for the 2002/3 area so market was slow to react then,
and might be (hopefully) right on 180 out this cycle.
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- winks weekend waffle 090409
Here's an updated comparison between PEs and S&P, both log...
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