The Stock Market Is Going Down

Thursday, August 19, 2010
By Paul Martin

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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