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14,217 Posts.
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10/05/09
23:43
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minack's trailing PE figure is an anomaly actually
I just went to the S&P site and discovered that one of the figures for earnings was actually negative (-$23.25)
that was the first time earnings have been negative since the data of 1988
the PE = 903.25/$14.88 = 60
go to "click here" on the page to check out my figures
sp 903.25
12/31/2008 -$23.25
09/30/2008 $9.73
06/30/2008 24.92
03/31/2008 21.90
TOTAL earnings $14.88
I wonder why he didn't mention the negative earnings figure?????
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