Subject: Prices
The price right now is somewhat below its recent peak. Yay! Forward returns are looking better!

But for whatever it's worth---

Price to peak book today (1.615) is pretty much the same as it was 2008-06-11 (1.619)
Other than brief moments, the inflation-adjusted stock price didn't get any higher in real terms before about 4.6 years later at end 2012 when it was actually a hair lower.

The precision is definition misleading, and that past result is just a single observation, but the general observation has some merit: returns starting from valuation levels which are above average tend to have returns which are below average. We certainly don't yet know what future valuation levels might be, but the current level is above the average in recent years, so one might rationally expect a period of below-average price returns coming soon.

An extremely simple back-of-the-envelope:
Price to peak book is not a perfect metric, but for a variety of reasons, the changes in the structure of the firm cancel out and thus (so far) it's about as good as it has ever been.
Price to peak book is currently 18.8% above its average since the start of 2008.
That same metric tends to rise at a round inflation + 8.0%/year. Surprisingly consistent as a trend since 1998, and the current value metric is still right on that trend.
So, of all future prices were to come out at average valuation levels since the crunch, you'd expect a flat share price in real terms for around 2.4 years from here.

Great firm, value rising every day, but the prospects for great short to medium term returns still don't seem to be particularly wonderful at the moment.

Jim