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  • ex.goldbug ex.goldbug Feb 20, 2013 4:55 PM Flag

    "A Crash is Coming, and it might be Horrendous"

    Roger Babson, financial economist, Sep.5, 1929. Interesting to note that at the market top, just before Labor Day, 1929, the PE of the market darling RCA ("Radio") was under 50. Today, the Amazon PE is over 3000, and the forward PE is in 100 area (if you believe the forcasts--I don't). Folks, this is a huge bernake bubble, and Sybil is correct, it is about to burst.

    Sentiment: Strong Sell

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