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Message: Markets close to bottom: CIBC

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Re: Markets close to bottom: CIBC

in response to Re: Markets close to bottom: CIBC by triplethreat

posted on Nov 17, 08 03:38AM

Prices have certainly come down. On Friday, the Standard & Poor’s 500-stock index was 44 percent below its peak of a little more than a year ago. Since then, the price/earnings ratio on the S.& P. has dropped from 16.8 all the way down to 12. With numbers this low, is the sell-off nearing an end?

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