http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=3657China fell through the floor today, with the A share market P/E in enviable territory compared to that of the S&P 500. (charts in above link)
To get to the level of the Asian markets, (if my math is right) the S&P 500 would require a "retrenchment" :nuke: back to the lows of last year. To get to the historic bear market P/E's, often placed in the range of 10, would "shave" :sarcasm: another 450 or so points from the index.
But you won't get to those numbers using the saccharinated (new word I think) numbers tossed out by the MSM. You will if you use the real earnings filed with the SEC.
YMMV
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