Tuesday, March 22, 2016

Russell 2000 Now Negative PE, to Match Negative Interest Rate

GAAP is something the minions adjust every 15 minutes so the false economy's equities will qualify as worthy of your pension money.
The as-reported P/E of the Russell 2000 is negative because of the many ‘1 time’ non-cash charges that must be reported because of GAAP.
Will there be a race to the bottom, who can get lower, equities or bonds?

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