Quote from denner:
Thru the prism of the last 10-15 years, quite possibly...but nothing we are witnessing can be put into a clean and tidy historical perspective. The link to the article about midnight shoppers is a good metaphor, without permanent government stimulus, it's absolutely anybody's guess as to what "fair value" represents. How can one accurately handicap a market that is essentially dependent upon continual "temporary" stimulus.
