Consider Henry Blodget, who appears to expect rapid and full mean-reversion to the very long run average ratio of prices to earnings, in spite of secularly low interest rates… Henry Blodget: Stock Market And Investing Outlook: “Everyone’s getting cautiously bullish again… …except me. I still think stocks are poised to have a decade or more … Continue reading Why Are People Depressed About the Medium-Term Prospects for Equity Investments? Something I Do Not Understand: Friday Focus: April 25 2014