[cactmh]

What does the Price to earnings ration of the S&P have to do with KPMG, a Big Five accounting firm? It is a partnership and doesn't have shareholders or an EPS.

[antaresequity]

What does the Price to earnings ration of the S&P have to do with KPMG

Specifically nothing...The post I responded to invoked a strong underlying belief of mine that we are far from the bottom.....that is all....

I just have a lot of trouble jumping on the GreenSpan RA-RA wagon when a Major cap weighted index is at 62:1 PE , Oil, Gold and Silver are in BULLISH moves, there isn’t a snowballs chance in hell of a further rate cut, and the entire planet is over extended in terms of debt: Personal, Corporate and Government, Japan is ready to really tank this time, Israeli PLO conflicts are escalating....Iraq....ad nauseum.....blah blah blah.

I could go on forever...the crap (IMHO) hasnt even begun to hit the fan...Recovery Shumvry...Show me the money!

Long Oil, Long Rates, Long Gold, Long Silver..Shorte Equities..................