Run Money Run
몇 년짜리 전망
30년짜리 전망 2016
Monday, January 21, 2013
Real bear but nominal bull
Real (Inflation-adjusted) S&P is still in a bear market.
But nominal S&P is already in a bull market.
A real bull will come after the reversal of 1-yr P/E.
It is possible only by the fall of share prices and the rise in earnings but not by a political breakthrough.
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