Posted
8:00 PM
by Gene
Two more bailouts.
And:The S&P 500, down 25 percent in 2008, still trades for 20.9 times profit from the past four quarters. Only four of 48 developed and emerging nations tracked by MSCI Inc. -- Switzerland, Jordan, Colombia and Morocco -- have a higher price- earnings ratio, according to data compiled by Bloomberg.I suppose that means Wall Street has a few mind games left to play with us.