Most amusing is the below chart which indicates just where the St Louis Fed see the S&P P/E: presumably this has "trickled down" to Ben Bernanke's inbox in some way or another.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2azwgJC0l1lBvWUJNZeJcdMm5TX2bAgauOFKQOx5sEqbRH2w4vpH3G5q9rLMeGT3RDeymvuTN1ThiiFVtnwkbju3zHWwlrfBLU5D3gXOFjbvztPbBXJVp0x6rFbD6fCXvB8rSd9lsxL0/s400/S&P+St+Louis+Fed.jpg)
hat tip Alex Sphere: Related Content Print this post
"ON A LONG ENOUGH TIMELINE, THE SURVIVAL RATE FOR EVERYONE DROPS TO ZERO"