Stock Markets Valuation - The Real S & P 500 Earnings Yield Ons to Something We've Been Using for a While Now

The back test on the real earnings yild going negative. You kow, in the last sort of 50, 60 years, has an insize of six. And there's been two cent corrections from that, from that threshold breaching. So obviously the medium is a lot closer to 20 than it is to down five. But if i put the rest of the story hind it sounds like maybe that blue line really is topping out. Is that your view? Yes, that is absolutely our view.