Eugene David ...The One-Minute Pundit |
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Sunday, October 05, 2008
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.
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