CJ I think ur missing the ball here,PEs cannot reflect future company earnings and from the looks of it the crystal ball have got a very dull shine in my opinion.Im am a self proclaimed BULL but I think the Bear has got this Bull by the balls!!
umm, which bear market are you looking at boet? Looks pretty bullish to me. You can sit with the profits of doom and wait for the inevitable downturn if you like, but how much profit making potential are you prepared to pass up on in the meantime?