Hints and tips:
...Mr Roberts, I should stress, is only putting the issue out there for discussion, and I think it is worth discussing....
...To do that, Mr Easterling says, earnings multiples need to fall so low that they can double or triple over time — a shift that might come with inflation. “The stock market is about fair value now....
...Ed Easterling, an expert in secular market trends at Crestmont Research in Oregon, says: “In 1996, we got to the normal high but then went into bubble mode....
...Local effects are among the hardest to model, adds Mr Easterling. “If you have a storm or heavy rainfall, it may cover only a few tens or hundreds of square kilometres but be devastating....
...So Mr Easterling may be right to believe in a bear market....
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