Calculated Risk details the S&P 500 will report its first ever quarter of negative earnings (expectations are for a loss of -$10 per share).
Even excluding financials the figure is expected to be negative.
Calculated Risk asks:
What is the P/E for that?Source: S&P
Ouch.
ReplyDeleteThat's why I prefer the E/P ratio.
ReplyDeleteThis is even more significant because they are constantly rerack the index.
ReplyDelete