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.
