The Stock Market Is Going Down

Geithner’s Delusional Recovery

by Richard Daughty
LewRockwell.com

I had just gotten home from arguing with the in-laws about how they were idiots for not buying gold instead of those stupid stocks and mutual funds, and their laughter was still ringing distastefully in my ears when Eric Fry here at The Daily Reckoning put up a chart of the P/E ratio of the S&P500 over the last 30 years since 1981.

The Rest…HERE

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This entry was posted on Thursday, August 19th, 2010 at 8:18 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.