This market is definitely trading like Alice In Wonderland.
We will have to see what the HFT Programs act like today in the midst of this sell off, which could be in the 3-4% range before days end.
Monday, August 17, 2009
SPX PE Valuations
The SPX Trailing PE is at around 24 or so. That is very expensive and usually ripens a sell off.
This market is definitely trading like Alice In Wonderland.
We will have to see what the HFT Programs act like today in the midst of this sell off, which could be in the 3-4% range before days end.
This market is definitely trading like Alice In Wonderland.
We will have to see what the HFT Programs act like today in the midst of this sell off, which could be in the 3-4% range before days end.
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