From Investment Postcards from Capetown:
...That future bear market will end with something we haven’t seen since the 1980 to 1982 period, and I’m talking about great values in stocks. And when I say great values I’m talking about blue-chip stocks selling in single-digit price/earnings ratios while at the same time providing dividend yields of 6-7-8%, the kind of yields we last saw at the lows of the early 1980s.
Question: What do you think could bring stocks down to those levels? What might the market be discounting?>>>MORE