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Specifically, even after the crash, stocks are still trading at 21X cyclically adjusted earnings, as we can see in the following chart from Professor Robert Shiller of Yale. Over the past century, stocks have averaged about 16X those earnings.
So we're still about 30% above "normal."
Read more: www.businessinsider.com...
Originally posted by DoctorSatan
Actually I believe all 3 of the major credit rating institutions have to downgrade USA to AA+ from AAA to disallow america to take loans at that level.
but still i think all the major indices worldwide, the dow, hang seng, sensex, etc will be in the red.
"there will be no banks... remove money from banks"