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RE: Down goes the Dow
So, as of right now, the DJIA is at 17.4k
This is down significantly from all-time highs. What has this done to P/E in view of what earnings have been doing? Ghost, are things more reasonably priced now? And the "earnings" part of this ratio, is it generally believed to be sound, or is it viewed as rife with fishy-ness and fiddle-faddle, such that the Dow P/E is still not sufficiently attractive to make a decent buy?
If it's not sufficiently attractive at the moment, is it because earnings projections don't look good going forward, maybe because economies in general are not showing enough growth?
Lots of questions, I know. 17.4k is a good bit lower than the 18.3k we saw in March and May of this year. 5% lower.
Not enough for me, but what do you guys think?
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