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« Another 25 Points | Main | De Beers Finds Shipwreck, Treasure From Columbus Era » May 1, 2008 The S&P 500 and EarningsHere's a chart of the S&P 500 (black line, left scale) and its earnings (yellow line, right scale). I scaled this graph at a ratio of 16-to-1, so whenever the lines cross, the P/E ratio is exactly 16. As you can see, even as the market has risen and sold off, the market is basically following earnings pretty closely.
Posted by edelfenbein at May 1, 2008 10:14 AM |
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