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Sunday, November 18 | ||||
Deadly Denominator
S&P 500 Price/Earnings Ratio (Last observation: Sep. 2001; Shaded areas indicate recessions) The chart shows that P/E ratios remain very high compared to the historical average even as stock prices buckle. Corporate earnings have just collapsed so the 'E' is shrinking faster than the 'P'. "...for a charm of pow'rful trouble, Like a hell-broth boil and bubble." -- Bill Shakespeare Rowed for an hour today... gotta get back in the habit. Concept 2 made its annual holiday challenge: row 200,000 meters between Thanksgiving and Christmas Eve and you get a free T-shirt. I accept the challenge! |
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