Wednesday, 24 June 2009

As a percentage of G.D.P.

Interesting chart. The red ellipses signify times in stock market history when the market was great value. (i.e. being great times to be heavily invested in the stock market.) You look at where we are today and you have to say, "Hmmm, is the market a great value and at its lowest point?" I don't think so. Which means there is another down leg coming before we get to great value.

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