Filed under: Old Posts — John Galt @ 8:08 pm by John Galt August 23, 2009 Thanks to the folks at www.chartoftheday.com you get some idea as to just how absurd the earnings reports have been thanks to the distortions of creative accounting. With 97% of S&P companies reporting we have a whopping P/E ratio of 129 on the S&P 500 and that is so many deviations from the norm, it is not even funny. The historical average until the .com fiasco was 20 and…




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