Cisco Systems, Inc. Message Board

You sure post a lot about Bush.

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He wishes Bush were still in office so we could enjoy the good times of the Bush Goldilocks economy. Ahh... those were the days. And things were great in 1999 during Clinton's reign, until the stock market collapsed in March 2000.

The trailing PE of the S&P 500 is currently 17.3 compared to the historical average of about 15.4 since 1871. The 12-month forward PE of the S&P 500 is currently 14.0 versus a historical average of 12.8 since 1976 (the latest date forward earnings estimates are available). Stocks look expensive based on Robert Shiller's PE10 methodology (current 22.4 versus average of 17.3 since 1871) but I believe Shiller's PE10 methodology is fundamentally unsound and is currently underestimating the strength of the Obama recovery. Everywhere I look business activity is accelerating, people are finding great paying jobs with ease and pundits are predicting a decade of rising stock prices. Dow 18,000 by the end of Obama's reign.

Forget about Bush. Obama is our saviour. Join the crusade to put Obama on Mt. Rushmore.

Sentiment: Strong Buy

WRONG