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Old 12-17-2008, 01:24 AM   #29
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Re: GDP now equal to Wilshire 5000 market cap

It is a relationship that may or may not be correlated in the future. If you wait for the SPX to fall to 6x PE like prior bottoms, or hundreds of banks to fall to 0.1x book like prior downturns, you will likely be dead before you invest.

Other than saying 'Lower prices are better,' I'm not sure such graphs add anything of value whatsoever. It is a good reminder that prices can go lower, if you still need one.
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