I’ve added Podcast #88 to the “RobCasts” section of the site. It’s called Predicting Presidential Success Using P/E10.
When P/E10 is low, the odds are better that the economy will be flooded with funny money from temporary stock-market gains. That makes the economy look better for a time and gives a president political running room on other issues.
John Walter Russell says
Never forget you own observation: P/E10 is a measure of psychology. This underlies your discussion.
Have fun.
John Walter Russell
Rob says
In the comments section to the article that is featured at the Today’s Passion link today, someone said “We have no way to measure the extent of irrationality in the market.” I was tempted to say “Oh, yes, we do!”
Rob