RSX has dropped down a little in the list of low P/E markets, at just over 15 it's still a bargain compared to the SPY which is 24.45 trailing and 18.25 forward, which is REALLY high, the forward that is, EWZ is the cheapest in emerging worlds at around 9, although who knows what it "really" is.
Even MORE shocking is the bottom 15, CLX and CL at 27, KO at 28.68,
COST, CPB and K at 31.18, 35.04 and K at 36.77, and HSY at 41 fricking .55, I mean, un-fricking-stinking-believable!!!!!!!!!!!!!!!!!!!!!!!!
This, of course, is the FED's fault, as they've pushed people and institutions into a brainless "chase for yield at ANY COST!" type of mentality, sigh, wad ever, good luck to them ...........
Today, we are excited to share one of Elliott Wave International's latest video interviews, 3 Must-See Charts: Learn What's Next for Europe, where Brian Whitmer, EWI's Senior European Analyst, highlights the precarious position of European stock markets.
Energy Volatility: What to Expect NextOur Chief Energy Analyst talks about what he’s looking at across the energy markets
By Elliott Wave International
In this new interview with Steve Craig, the Editor of our Energy Pro Service, he explains that when looking across the energy complex, 2017 is playing out according to his Elliott wave script.
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