* stocks are at about 27 times earnings, near the HIGHEST in history. this is the valuation method long used at Harvard Business School to train security analysts. keep in mind that when the pedulum has swung the other way, valuations have touched near FIVE times earnings. two cases were as recent as 1974 and 1982. check this out:
http://economistsvie...-leonhardt.html
* corporate balance sheets are in great shape. read this factual perspective. this was written in the financial times, not exactly a whacko source.:
http://safehaven.com...cle.cfm?id=8316
Edited by humble1, 07 September 2007 - 09:39 AM.