S&P 500
1986.34
+4.04 +0.20%
Dow Indu
17115.16
+140.85 +0.83%
Nasdaq
4543.07
-6.16 -0.14%
Crude Oil
80.95
-1.25 -1.53%
Gold
1203.140
-10.810 -0.89%
Euro
1.26245
+0.00027 +0.02%
US Dollar
86.013
+0.022 +0.03%
Weak

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...]

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