From MarketWatch.com: Shiller’s hot P/Es powering a ‘Roaring Bull’ till 2017 - Paul B. Farrell - MarketWatch
"Bottom line: Stocks are on track to do it again. Remember: The crash predicted by panicked professionals like Shiller and Gross: Did not happen in 2004. Not till 2008. The Dow roared and soared, “dancing through the fire,” gaining another 40%, rising from the 10,250 range in early 2004 to a 14,164 peak in October 2008, driving that long “Roaring” bull market for six years from 2002 to 2008. Don’t miss the new one.
Ask yourself: Is there a panicky little cognitive bias trapped in your brain, warning you that Shiller’s P/E ratios are “setting up for the biggest stock market bubble of all time?”
Don’t listen. Instead, turn up the stereo. Listen to the beat. Tap your feet. Get in sync with the “Roar”
of the new Katy Perry stock market! You’ll love it!"
No gloom/doom this time from Paul Farrell... he switched again
for the thousandth time; from his previous wrong prediction of a big bad bear. He should have stayed as a gloom/doom; like a clock work he could be right at least for a second during a day (i.e., maybe correct once in 100 years). Now that he switched back and forth, he can never be right in his silly predictions; not that matters a bit to us.:D