Invisible Stock Bubble; Russell Napier sees S&P 500 Drop to 400

As measured by current earnings, the stock market does not seem hugely overpriced. The question is will those earnings hold up?  SmartMoney associate editor Jack Hough addresses the question in The Invisible Stock Bubble

Read More: http://globaleconomicanalysis.blogspot.com/2011/05/invisible-stock-bubble-russell-napier.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

Long View: Historian sees S&P fall to 400
 May 18 2011  Stock market historian and CLSA consultant Russell Napier discusses with head of Lex John Authers his warning that the real bear market in the S&P has yet to come and could push the US equities index down to 400, plus he explains how emerging markets could trigger a leap in US Treasury yields.  (11m 16sec) 

Read More: http://video.ft.com/v/946244201001/Long-View-Historian-sees-S-P-fall-to-400