DSX Lover

Stock Valuations On the Rise

The P/E of Financials is misleading. After Q1 the Trailing P/E is must likely going to be negative because of the writedowns in Q1 and Q4, However, the Forward Looking P/E is going to be the best one among all of the S/P sectors. After the Federal Reserve cuts, banks are printing money, and write-downs, are going to become write-ups, something that most ignorant persons are unwilling to believe. Load on the Banks after they report in March, the kitchen sink quarter, specially on C who's 50% of the earnings come from International Operations, that are not affected by the sub-prime debacle.