Just fun, wondering what everyone's thoughts were on this one.
Personally, despite saying the % decline, I don't think the market as a whole is all that cheap given the variables at play.
Also, it seems some sectors have rallied off lows and I personally see no reason for that to happen. Maybe just short covering but I certainly think some of those sectors will drift lower - cough retail.
If the S&P 500 P/E is 15 or so, doesn't that pretty much indicate par historically? Your thoughts?
Personally, despite saying the % decline, I don't think the market as a whole is all that cheap given the variables at play.
Also, it seems some sectors have rallied off lows and I personally see no reason for that to happen. Maybe just short covering but I certainly think some of those sectors will drift lower - cough retail.
If the S&P 500 P/E is 15 or so, doesn't that pretty much indicate par historically? Your thoughts?