PE.......where is the E?
The Trailing 12 month PE of the Dow and Russell 2000 stocks is nil.......
Last year they were 15.69 and 37.28 respectively.
The S&P 500 trailing PE is 26.10 vs. 16.56 last year.
The above numbers is for TRAILING 12 month PEs.....the outlook for future earnings is even worse. Now the question is if one invests in a company for its earnings.....what is a company worth if it doesn't have earnings???????