Called 2 Action – S & P Price Per Earnings Ratio at Pre-Depression Levels

David Fischer visits with Steve Noble to discuss the state of the markets on this Columbus Day. While they may be slow due to the holiday, David notes that the S&P price per earnings ratio is at levels not seen since right before the dot.com bubble bursting in the late 1990’s and the Great Depression before that.

Is the S&P Price Per Earnings Ratio Cause for Alarm?

Listen to “Called 2 Action – S & P Price Per Earnings Ratio at Pre-Depression Levels” on Spreaker.

Show Notes:
– David appears @ 30:00
– Britain is preparing for a United States war with North Korea. Already commissioning several warships to the area.
– The markets are trading at a low volume due to uncertainty over tax reform which faces challenges passing the Senate.
– S & P price per earnings ratio is at highs not seen since the late 1920’s which was right before the great depression.
– Billion dollar hedge fund manager Howard Marks, thinks stocks are way overvalued and certain stocks are “anointed” as if nothing can go wrong.