This recent video interview with Peter Bernstein is worthwhile. Bernstein is one of the few market historians and scholars alive today who can offer the longevity of personal perspective on how recent developments compare with prior crisis periods.
Bernstein's perspective was of comfort to me in the past couple of years as the credit party raged on. I had never seen madness like recent years in my life time before. I found Peter's 8 decades of real life experience to be a great resource.
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Cory’s Chart Corner
Sounds like he's saying big FAT sustainable dividends lie near the bottom. Yummy!
Paul Tudor Jones in an Interview with Patrick Oshaughnessy sums up and connects the valuation pieces of the overall market well:
“We’re 252% of stock market cap to GDP. In 1929 we were 65%. In 1987 we got to ~85-90%. In 2000, 170%.
If you think about the periodicity of
