Dow could fall 5,000 points and still not be ‘cheap’ by Brett Arends

This article is worth a quick gander...though I think the Dow Jones is going to fall much further than 5000 points given the massive debt unwind that is taking place.

"Hard to believe, but the Dow Jones Industrial Average DIA, -0.16%  could fall by another 1,000 to 5,000 points and still not be “cheap” compared with long-term stock-valuation measures. That’s the stark conclusion from an analysis comparing current stock prices to underlying measures such as per-share revenue, earnings and corporate net worth."

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