by jwfid » Mon Feb 14, 2011 10:54 pm
Hi John,
Regarding your comment referring to the S&P earnings, I simply don't believe them anymore. Since mark-to-market was suspended, I believe earnings in general, especially the financial sector, are completely bogus. I'm sorry I don't have anything more than an opinion, but just looking at a P/E ratio makes me sick. Shoot, the entire stock market makes me sick with all the government and Fed manipulation and QE money being thrown around.
Good luck everyone,
Joe
Hi John,
Regarding your comment referring to the S&P earnings, I simply don't believe them anymore. Since mark-to-market was suspended, I believe earnings in general, especially the financial sector, are completely bogus. I'm sorry I don't have anything more than an opinion, but just looking at a P/E ratio makes me sick. Shoot, the entire stock market makes me sick with all the government and Fed manipulation and QE money being thrown around.
Good luck everyone,
Joe