What's With Declining P/Es?
Feb 13, 2008
/
By William F. Nicklin
Falling since late 1999, before the market made a decisive drop, the S&P's price/earnings ratio may be on a déjà vu path that mirrors the decline of 30 years ago. How far will P/Es plunge? No one knows, but this veteran advisor believes that we can still make money for our clients.