Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Thursday, February 9, 2012
02-10-2012 Cycles and PEs
Can PEs go lower? They have seen single digits in the past during times of economic stress. Here is the history of PEs (and their cycles):
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