paxjds

Largest Four-Week Winning Streak Since 1933

Bespoke,
What is the PE ratio of the S&P as of 3/31/09? Where do you think the S&P will be 6 weeks from now, when most major reduced earning reports are in? Things are going in the wrong direction, despite all the hoopla presented by the government, and Newspeak Media trying to push the market up!

S&P 500 Near Overbought Levels

Beware of lower earning coming out over the next 60 days. Price to earning ratios will be takin g a Big Nosedive. S&P is overpriced now, people will be crazy to buy into very high PE ratios. Market will go down to the point where P/E ratios are reasonable again, then we will have a real bottom(S&P @ 500? Dow 5,000 ?). The larger question is how long the U will drag across the bottom till earning start going back up to justify rising stock prices. 2010? 2011?