k_denninger

John Hussman: What Happens When No One Is Left to Hold the Bag?

P/Es when the "E" is based on one-time FX gains is fanciful at best.

When its based on inflated margins that historically are likely to regress to the mean, its even worse.

Rhetorical question: What purpose does a P/E ratio serve when the "E" is cooked?

I suspect the author knows the answer... as do I.....