Nosebleed Territory

The P/E of the Russell 2000 index as of last Friday was 90.59. That is no mistake. A year ago it was only 78. More than a third of the companies in the index are unprofitable.

But it’s all good. Pump pump pump.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: