Thanks to Casey Chart’s for providing this graph of the Dow Jones Industrial Average quarterly earnings. As you can see, this is the first time EVER that the Dow has posted a loss. The Price to Earnings, or P/E, ratio is now listed at “Nil”. So much for one of Wall Streets favorite metrics.
Dow Jones Quarterly Earnings, Copyright (c) 2008 Casey Research
So who are you going to listen to, your favorite Wall Street style broker, the gorgeous air filled talking heads, or the experts?
Maybe you should check out the Casey Report, and get research from people like Bud Conrad who bring to light graphs like the above. Chances are you didn’t hear about it from you buy-and-hold broker.
