Post by
garyreins on Aug 01, 2024 2:57pm
WEIRD DAY
Rare to see some reits dive 2 to 4% and others up 1% or so. Hr and pmz bucking trends
Comment by
Torontojay on Aug 01, 2024 3:02pm
I 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!