The UK aint in recession that is fact.
Q3 GDP was +++++++++++0.5%.
Growth is forecast at about 2% for 2002.
Yes the USA is in recession but that won't last much longer.
History has shown recessions last 18 months on average.
The average PE for the Nasdaq is about 70.
I don't know where Bloomberg get 200 from.
The average PE should not be 10 as you say.
If you think we are heading for a great depression/deflation/end of the world senario you may as well end it all now before the great depression arrives :-)
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