On Aug 19, 2010, at 10:56 PM, Jay R wrote:
> This is interesting but the problem with comparing stock performance
> is that it only shows the % change since of start of the recession and
> doesn't reflect valuation multiples (so for example if the US stock
> market was more overvalued going into the recession, it would make
> sense that the % decline was sharper).
But valuation norms also differ. So you'd have to normalize valuations, which would be a big pain in the ass.
Doug