[cinFLA]

I'm not sure what you are referring to. Maybe the P/E assumption? I have no emotional attachment to "my" theory. If I have a wrong P/E assumption, I want to know about it ASAP because I have hard-earned cash at stake, just like everybody else does.

Hint. Interest rates are really down and the economy is improving, although slowly. Employment is rather strong.

[Soren]

Not sure why you think employment is strong. Interest rates may be low, but it's not having the usual effect because businesses already have too much debt. As for the improving economy, I stated my view on this thread in Reply # 18.

[StockAyatollah]

Sorry, but anyone who thinks that employment is strong has not looked for a job lately, at least in the IT or engineering sector. The only real hiring going on is in defense, and even that is soft and limited to those with active clearances.