TSX:AX.PR.E - Post by User
Comment by
Torontojayon Aug 01, 2024 3:02pm
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Post# 36158825
RE:WEIRD DAY
RE:WEIRD DAYI knew all along that the P/E ratio of 29 for the S&P 500 was not sustainable. If on the other hand earnings grew by 30% and S&P rallied by 30% then I wouldn't have had a problem
with that. The way I see it is that the markets expanded on multiples but not on earnings!