Even though the S&P 500 index itself has fallen from about 1,590 a year ago (with a P/E of 18.9) to where the index is actually down by about half, earnings are down by half, too! And we all know what that means for the P/E ratio. It’s no wonder we’re hearing incessant screaming from the Mogambo Bunker Of Doom (MBOD). Read on…
December 16th, 2008 | Mogambo Guru | 0 comments | Continued
