tag:blogger.com,1999:blog-6947984357958822447.post3876617225596046228..comments2012-12-15T21:27:58.762-08:00Comments on Global Macro Speculations For a Living: Jeremy James SiegelGlobalMacroSpeculatorhttp://www.blogger.com/profile/03052727180833620834noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6947984357958822447.post-79261686788224851972009-02-26T10:20:00.000-08:002009-02-26T10:20:00.000-08:00maybe you should roll out a "100% mental index" ET...maybe you should roll out a "100% mental index" ETF.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6947984357958822447.post-71965073515237598692009-02-26T06:57:00.000-08:002009-02-26T06:57:00.000-08:00Kid and anon,I think Siegel could be 100% right ev...Kid and anon,<BR/>I think Siegel could be 100% right even in non 'lower bound' situations. I think I will post about in the next few daysGlobalMacroSpeculatorhttps://www.blogger.com/profile/03052727180833620834noreply@blogger.comtag:blogger.com,1999:blog-6947984357958822447.post-65253429259569253862009-02-26T06:13:00.000-08:002009-02-26T06:13:00.000-08:00agreed, Siegel is definitely wrong. All of these ...agreed, Siegel is definitely wrong. All of these other more nuanced points about whether or not the P/E in these extreme cases is good indicator of over all market value are valid arguments. Unfortunately, if you read the op-ed this is not the argument that Siegel lays out. Instead he challenges S&P's calculation of P/E to ultimately imply that stocks are cheap. Bottom line is that S&P calculates the P/E for the index correctly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6947984357958822447.post-10909093183779296052009-02-26T05:49:00.000-08:002009-02-26T05:49:00.000-08:00siegel is definitely NOT right, but that doesn't m...siegel is definitely NOT right, but that doesn't mean that there isn't a different point we can take from this, which is the one you discuss. as a commenter on another forum explained, "the creditors eat those losses, not the shareholders"Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.com