FT Alphaville is Surprised By The P/E
June 12th, 2009
| Tags: Bank Capital, P/E Ratio, SPY, Stocks
In an early morning blogpost FT Alphaville discovers that the trailing P/E ratio on the S&P 500 is 130x earnings. Yes, that is a large number, but earnings always fall during recessions and bear markets. Also, and I feel like writing this in CAPS, but I won’t. That is what happens when you wipe out all the bank capital in the United States.
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