Ok, Ok... But I was right on this one:
I was looking at Carl's Decision point PE chart and remembered this wise post from the past.
Back then the S&P was below 1250.
Right now, the updated chart is even more positively divergent with earnings.
Be sure to check out Carl's PE Chart. Look at the John Hussman chart at the bottom of that page.
Everytime I see this chart it says that the SPX price should be higher or earnings should drop.
Click Here for Carl's Chart
Any thoughts?
Check out Carl's 4/27 Newsletter.
EVERYTHING is on a buy.
He is bearish the dollar and neutral the 30 yr. Bonds
Edited by Rogerdodger, 29 April 2007 - 10:47 AM.
