S&P 500
2168.27
+17.14 +0.80%
Dow Indu
18308.15
+164.70 +0.91%
Nasdaq
5314.91
+45.76 +0.87%
Crude Oil
48.03
+0.20 +0.42%
Gold
1315.790
-6.605 -0.50%
Euro
1.124775
+0.003040 +0.27%
US Dollar
95.435
-0.093 -0.12%
Strong

Lowest Trailing P/E Ratio In 2 Decades, But...

Today we have a special guest blogger, Price Headley of Big Trends. Price is a Traders Hall of Fame inductee and is a regular contributor on CNBC, Fox News and Bloomberg Television, and in a variety of print and online financial news outlets. Today Price will share some of his insight on the recent sell-off and his predictions on the week ahead. Be sure to look over Price’s shoulder as he trades with 3 Months of his Investor’s Edge Newsletter FREE!

If you thought two weeks ago was rough, last week's 7.0% slide made the previous week's 4.0% pullback look like child's play. There is sort of' a bright spot in there though, IF the bulls play their cards right and the bears still aren't angry. (That's a big if though.)

Before we slice and dice the market though, let's run down last week's and this week's big economic numbers.

Economic Calendar:

Even relatively good news was treated like bad news last week by expert market analysts. Mainly, a slightly optimistic employment picture still didn't stave off some serious selling. The unemployment rate fell from 9.2% to 9.1%; job creation easily topped the expected figure of 100K with 154K new payrolls added, and unemployment claims basically held steady. Nobody cared. [Read more...]

© Copyright INO.com, Inc. All Rights Reserved.