| http://www.w3.org/ns/prov#value | - The Dow should correct by 20 - 30%; and as hedge funds de-leverage, i.e. reduce their borrowings, the prices of most assets will drop.In answer to the defence that p/e ratios are still good (i.e. the share price divided by the dividends, one way to test whether shares are over-valued), he says that at the peak of a market, there is a bubble.
|
