Set forth below is the text of a comment recently posted by one of the Goons to another blog entry at this site:
All of your 30 redundant points can be answered by the simple fact that no one else sees one gimmicky PE10 metric as gospel for valuation. There are hundreds of technical metrics that can be used that perhaps have correlation with previous lows and highs but they don’t suggest causation and don’t ensure anything about the future value of stocks.
Even the people who came up with this metric (not you) don’t suggest using the metric to actually influence your exposure to stocks.
Your problem is you have become absolutely fixated on one metric, one bit of research, that you had an incredibly small part in like 15 years ago. The actual brains and true contributors to those things have long since moved on to further their research and careers yet you compulsively dwell on this tiny contribution you had to someone else’s long forgotten research. It is not a conspiracy to cover it up, it is just not as revolutionary as you believe and it is so bizarre that you are so attached to it since you are such an insignificant contributor.