O orange_trad May 20, 2008 #11 Hm. I start typing a reply, and before I know it, there are three answers already. The WSJ link is pretty good, thanks.
Hm. I start typing a reply, and before I know it, there are three answers already. The WSJ link is pretty good, thanks.
L LT701 May 20, 2008 #12 Quote from Landis82: I'm sorry, but this is why ET has become so ridiculously absurd. Why would anyone want to use a trailing P/E on the market? Ever heard of P/E compression? The market is a huge discount "machine". A "trailing" P/E number ( as you have posted ) is totally worthless. More... Ever hear of hiroshima? http://www.youtube.com/watch?v=y7j-F0sgD_Y
Quote from Landis82: I'm sorry, but this is why ET has become so ridiculously absurd. Why would anyone want to use a trailing P/E on the market? Ever heard of P/E compression? The market is a huge discount "machine". A "trailing" P/E number ( as you have posted ) is totally worthless. More... Ever hear of hiroshima? http://www.youtube.com/watch?v=y7j-F0sgD_Y
