THAR SHE BLOWS

No not a whale!  Take a look at the chart of the S &P 500 P/E in this Blog Budget 360.  I’ve been talking about a market crash before the end of the year and this chart is some of the best evidence I’ve seen that it will happen and probably  very soon.   P/E of the index have been historically in a band of 7 to 22 they are  129 today and were at 143 a few weeks ago.  It is also pointed out that the insiders have been selling a hell of a lot more than they are buying their company stock.   The market will crash and all that money the FED has secretly put into the banks to run the market up to get healthy will be pissed down the drain. We are screwed again.

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Explore posts in the same categories: BEGINS WITH F ENDS IN ED, CHECKBOOK ECONOMICS, CLUSTERFUCK, conspiracy, GAMING THE MARKET, stiffed again

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