P/E ratios of our majors are at very low numbers......
we don't have a crisis where earnings are involved......
record profits continue to be made.......
we have a crisis of confidence.........
which can only be cured by a STRONG and SWITCHED ON leadership team.....
of course the numbers can fall further if confidence is further eroded......
however, it is hard to see anything, other that a BANKING PROFITS tax, that would further erode business confidence....
so hopefully, everything will proceed along the Bottom Line for the next year or so without any further dives into unrealistic values....
sck
P/E ratios of our majors are at very low numbers......we don't...
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