infrared 6 shoes ear s earnings, which can rise and fall along with the economy.Many experts believe a better P/E is a cyclically adjusted ratio, which averages earnings over 10 years.It is currently 26. That s far below the peak of 44 it reached in the late 1990s, but it s still very high. Since the end of World War II, the average is 18.3.THOSE COMING RATE HIKESThe Fed may be able to raise rates slowly without damaging the economy and stock markets. But its record isn t entirely reassuring.Three of the past five bull markets ended after the Fed increased rates.If the central bank finds itself scrambling to contain inflation and has to raise rates sharply, s Related Articles: championship cigar 6s retro 3 infrared jordans 6 release date jordan 6 ring black and white retro jordan 6 release date blue 6s 2014
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