Usa Trading Standards
Is the term profit and earning ratios or price to earning ratios?
Does Obama know what he’s doing or is he just repeating what they tell him to say?
Here is what Obama had to say about the stock market:
He continued, “On the other hand, what you’re now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.”
This is from the USA Today:
“Market gurus agree that on a historical basis, stocks are getting down to levels that could be described as cheap. Using a common valuation that compares stock prices to profits, known as the price-earnings ratio (P-E), companies in the Standard & Poor’s 500 now trade at 10 times profit earned the past 12 months. That is the lowest in 20 years, S&P data show.”
Is this guy a dolt or what?
Moose you might want to read it again. He is talking about stocks.
It is price earnings ratio which Obama does not know because he hates capitalism.
DTG
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Standards $17.99 Standards |
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December 23rd, 2004 in
Trading | tags: education, environment, resources, teaching, technology, us trading standards
