Loony 'Bubble' stuff on the face of it.
According to WSJ as at 28 August DJIA PE currently about 29 (on trailing earnings) against long term average of about 16.
S and P 500 on trailing earnings over 36 against long term average of about 15 and NASDAQ about 38 currently.
And the immediate outlook doesn't appear to be all beer and skittles for many businesses-does it ?
Maybe the biggest Fed. induced Bubble in history ?
Time will tell.
Add to My Watchlist
What is My Watchlist?