Loading ...re Willie
They can keep gameing for ages yet, as there is no-one to stop them…except that they have to keep the SM going north, but with rates held near zero the economy will stagnate/decline as it is now, mainly because the consumers who are the middle classes are being screwed to the wall, they have no spare income at all. So earnings in the SM will start to decline and therefore the P/E ratio will go crazy…at some point they have to back off or drive ratios to insane levels….I hear the Russell is already at 75 times earnings !!!!!!
http://online.wsj.com/mdc/public/page/2_3021-peyield.html
PS the defense of 21.00 in Silver is just so blatant.