Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Updated this through the first quarter:
After looking a data for 1937 and 1987, I convinced myself that those markets were nothing like today. In 1937 there was still 15% unemployment. In 1987 stock earning yields (inverse of P/E) were very low compared to bonds -- about the opposite today.
After looking a data for 1937 and 1987, I convinced myself that those markets were nothing like today. In 1937 there was still 15% unemployment. In 1987 stock earning yields (inverse of P/E) were very low compared to bonds -- about the opposite today.
