The Forward P/E Ratio Has Collapsed

James Mackintosh notes that the recent correction in the S&P 500 has brought valuations down enough for it to be noticeable.
From the Wall Street Journal:
Only once before have U.S. earnings expectations risen so far, or so fast, as they have this year. Yet, investors couldn’t care less as shares are down. The result is that Wall Street’s favorite valuation measure has fallen at a speed usually only seen in a cris…
Source: http://thereformedbroker.com/2018/04/13/the-forward-p-e-ratio-has-collapsed/

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