Reality Lenses
This blog is about macro-economics, financial markets and the world that has been pulled over your eyes to blind you from the truth.
— Neo: What truth?
— Morpheus: That you are a slave, Neo.
2009-07-25
Historical Annual S&P 500 Earnings
I have been pointing out for quite some time the extreme overvalution of the S&P 500 and the US markets more generally.
Here's an interesting chart from
chartoftheday.com
— I don't think any comment is required:
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