The Enterprising Investor’s Guide 11-24-08
November 24, 2008 at 13:09 PM EST
The market continued its march downward and, even after a relatively large Friday rally, the S&P 500 still finished down 8.4%. The price-to-peak earnings ratio has again reached another low at 9.0x. Clearly, this valuation metric is closely following the market as we are no longer anywhere near peak earnings levels. In [...]
