What is going on in Asian markets?

exactly.........trying to give an impression that they tried...........another futile effort by imcompetent bush administration.

 

ym has been floating listlessly since 6
despite the european interbank lending guarantees

 

The problem with ANY forward PE ratio now is what really is the "E"? Today's "E" is moving down for most stocks even faster than their "P" last week. Yet we still look at the same "E" estimates from prior to last week in most cases.

For now PE doesn't matter much. Big companies with $Cash, little or no debt, ability to grow (even a little) without debt, positive growth history, and vital service or product even in hard times are my focus.

 

p/e ratios are a poor indicator of a pending bull or bear market. they can be sky high for years before a crash (like 97-2000). or they can stay very low (single digits) for years before the market surges.