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According to Bespoke, the S&P 500's trailing P/E has fallen over 3 points since 4/29, to...
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Friday, August 19, 2011, 4:27 PM ETAccording to Bespoke, the S&P 500's trailing P/E has fallen over 3 points since 4/29, to 12.44. While the financial sector has the lowest P/E (10.62), multiples for the healthcare (11.23) and tech (12.79) sectors are also near 18-year lows. The telecom sector (17.50) stands alone in having a trailing P/E above 15.
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When this bear growls, the "RIP" to the downside is going to be epic. Don't play with this bear.
Jerry