Enough said!
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Where are we headed? Nasdaq 2000 with P/E of 104 and then crashed in Oct. 2002 to P/E of 40.
or Nikkei 1989 with P/E of 100 and crashed to 34.
or Dow 1929 with P/E of 32 and crashed to 5.6.
Those folks nearing retirement who did not cash out during near bubble top may have not lived a happy life in retirement.
October 9th, 2007 at 11:24 pm
Where are we headed?
Nasdaq 2000 with P/E of 104 and then crashed in Oct. 2002 to P/E of 40.
or Nikkei 1989 with P/E of 100 and crashed to 34.
or Dow 1929 with P/E of 32 and crashed to 5.6.
Those folks nearing retirement who did not cash out during near bubble top may have not lived a happy life in retirement.