Siegel Gets Hammered All Around

Apparently, a lot of critics hammered Dr. Siegel for his last column:

I knew that my last article in Yahoo! Finance, “Why Stocks are Dirt Cheap,” would elicit strong opinions, but little did I imagine how controversial it would prove to be! The column attracted comments ranging from “Off with his head!” to “Bravo!”

He goes through the usual: more derivations based on earnings. What about massive subsidies from Asia that are about to end? What about FED policy? He doesn't say. Looking at company earnings etc. in a vacuum blinds you to the far larger forces at work in our economy. "Earnings" are the echo. FED policy is the boom.