Chart of the Day Today’s chart illustrates that the recent growth in earnings has led to a significantly lower PE ratio. While the PE ratio has been within the confines of a tight and very steep downtrend it is worth noting that the PE ratio has recently edged above this downtrend. Regardless, even though the significant earnings growth of late is a plus, the market has not been willing to pay what it has over the past decade for each dollar of earnings. Stay tuned…
Notes: - What are earnings saying about future stock prices? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - Standard & Poor's
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Quote of the Day "Nowadays, people know the price of everything and the value of nothing." - Oscar Wilde
Events of the Day
December 09, 2006 - Heisman Trophy awarded December 10, 2006 - Nobel Prizes awarded (announced in October)
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