Fred Voetsch

Selling the Rally

"Sure, trailing P/E is very low right now."

I love the way he calls it "trailing P/E", as if there is any other kind. Forward earnings are now no longer used by masters-of-The-Univers... like this because they no longer lead them to the conclusion they want.

HEY ALEX, READ THIS:
www2.standardandpoors....

It is by Standard & Poors themselves and it says that P/E ratios are not cheap. But he won't read it and if he does he will not pay attention and he will continue to lose money by betting on what he has learned from the past decade or two. At the very least I can hope that a few others' will read it and will see that we are far from out-of-the-woods.