This came out of the New York Federal Reserve.
Some numbers for comparison: at the height of the dot com bubble the S & P 500 Price – Earnings ratio was around 45. A market bottom looks like a Price -Earnings ratio under 15 times. We are at nearly 10 times that.
So it’s true that halloween is the scariest time of the year.
http://www.newyorkfed.org/research/directors_charts/ipage20.pdf
"Augusto's nwfin savings and loan system funded the renovation of my home."