http://dailyreckoning.com/deficits-dont-create-prosperity/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 08:56:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://dailyreckoning.com/deficits-dont-create-prosperity/#comment-15787 tony bonn Thu, 23 Jul 2009 01:38:05 +0000 http://dailyreckoning.com/?p=17361#comment-15787 sprott just published some interesting analysis about current sp 500 p/e ratios of 16 vs realistic fundamental market state and prospects all of which suggest that the markets are at wildly exaggerated levels of reality....my guess is that they go sideways for the next 3-5 years while the market vampires like gs keep it levitated....the only cure to our malaise - to borrow from dunce jimmy carter - is a balance sheet enema which means 2-4 trillion usd of write downs plus the 3 trillion usd in backstops cited by barofsky. sprott just published some interesting analysis about current sp 500 p/e ratios of 16 vs realistic fundamental market state and prospects all of which suggest that the markets are at wildly exaggerated levels of reality….my guess is that they go sideways for the next 3-5 years while the market vampires like gs keep it levitated….the only cure to our malaise – to borrow from dunce jimmy carter – is a balance sheet enema which means 2-4 trillion usd of write downs plus the 3 trillion usd in backstops cited by barofsky.

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