Joseph Gissy's Podcast

This is a weekly market situation report and summary for markets around the world. For more information please visit: http://www.onlinefinancialadvisor.net Sign up for our FREE weekly newsletter, and also receive our Free eBook "The Top 5 Greatest Fears All Retirees Have, Explained!" In the "decades" timeframe, we have been in a Secular Bear Market which began in 2000 when the P/E ratio peaked at about 44. The job of Secular Bear markets is to burn off outrageously high P/E ratios over one or two decades, until finally the P/E ratio arrives back at a single-digit level, from which another Secular Bull Market can emerge. If history is a guide, we may not yet be done with this Secular Bear Market. The Shiller P/E is at 26.4, barely changed from the prior week’s 26.3, and approximately at the level reached at the pre-crash high in October, 2007. Even though P/E's are substantially lower than their crazy peak in 2000, they are nonetheless at the high end of the normal historical range and leave little if any r