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BloggingBanks,
Oct 30 22:25 pm
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All Comments by Old Trader »Dividends: Yields Are Rising, But Will Growth Continue? [View article]
Yeah, oil is down...but for how long? To a large degree, low prices are "self-correcting". NG has dropped as much as, if not more than, oil, and producers have already shut in production. I'll guarantee that all of those hard/expensive to tap tar sands projects up in Alberta are grinding to a halt. That huge oil/gas find off the coast in Brazil (VERY deep water)??? ....with oil at $63, or less, its going to stay RIGHT where its at.
Anyway, back to the post, I believe Ben Graham preferred to use the 10 year trailing average earnings when computing P/E, and defining what is "cheap". By that standard, we're not there yet.