austindefender

Criminal defense in Austin Texas.

Fun with Charts. P/e ratios and the S&P 500.

| November 16, 2008

I’ve been following what’s been going on in the financial markets, and although this is off-topic, I thought I’d post it anyway. In a post on Econbrowser, James Hamilton argues that the chart above – which shows that p/e ratios on the S&P 500 have declined to slightly below their longterm average – indicates that […]