Monday, April 27, 2009

Is the stock market cheap?

In response to Anonymous' question earlier about whether it's time to get back in, notes that "every time the P/E10 has fallen from the first to the fourth quintile, it has ultimately declined to the fith quintile and bottomed in single digits." If that pattern holds true this time, we're still on the way down.

1 comment:

Scooter said...

I'm not waiting. Even if it drops further, that first 18 months of recovery is just too good to miss. Just "dollar cost average."