This Is Where Sisyphus Starts Huffing and Puffing [View article]
What is the author talking about: "Using data from Robert Schiller’s spreadsheet, it looks like the S&P 500 has a current PE of 15".
As per S&P consensus data top down/operating earnings of $43 for '09 and $46 for '010; PE for '09 is 21 and 20 for '010. These are way way higher than historical averages of 16. An of course much higher than bear market PEs of around 10.
This Is Where Sisyphus Starts Huffing and Puffing [View article]
As per S&P consensus data top down/operating earnings of $43 for '09 and $46 for '010; PE for '09 is 21 and 20 for '010. These are way way higher than historical averages of 16. An of course much higher than bear market PEs of around 10.