ddd 发表于 2011-10-6 19:15
In 2008-09 the P/E of SPX dropped from about 20 to 10, and now it was about 10 two days ago. I think ...
There is an "if" - if the SP 500 earnings collapses (say 30% lower - in a recession, this is not uncommon), the current PE will not be attractive at all.