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According to Bespoke, the S&P 500's trailing P/E has fallen over 3 points since 4/29, to...

According 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.
Comments (1)
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    So what! Is that supposed to mean buy this flotsam and jetsam? You at best may have a short term "contra trend" rally setting up. But it will be shallow and used to sell into. This is a treacherous market, you don't need to be in any market all the time.
    When this bear growls, the "RIP" to the downside is going to be epic. Don't play with this bear.
    Jerry
    19 Aug 2011, 05:20 PM Reply Like
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