S&P 500
2065.30
-10.51 -0.51%
Dow Indu
17773.64
-57.12 -0.32%
Nasdaq
4776.22
-29.07 -0.60%
Crude Oil
46.02
-0.01 -0.02%
Gold
1293.110
+27.535 +2.18%
Euro
1.145350
+0.009510 +0.84%
US Dollar
93.054
-0.710 -0.91%
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...]

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