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Lol, good ole A. Trailing P/E, kid. Trailing is what I meant to ask.
The trailing PE is pretty bad for the SP500. However, it's not trailing PE that counts. Forward PE is what counts.Again, you show yourself up as ignorant. Investors have no claim on earnings before they buy: their claim is on earnings AFTER they buy. Hence FORWARD PE.This is something you apparently never understood about NLS.
<it's not trailing PE that counts. Forward PE is what counts>True, but trailing earnings have the substantial advantage of being in the past. History is significantly more reliable than prognostication, unless of course it's Russian history.
I'm happy to have your explanation.