Quote from S2007S:
gloomboomdoom.com
marc faber on "on the money" now.
suprised to see him on cnbc.
saw it...
he looked like dracula's assistant.
seriously, his argument was weak, the best he could get out was 'bear markets began when economies were healthy'. every example he cited referred to markets that had grossly out of whack PEs at the beginning of multiple contraction.
Our multiples and PEs are very nice.