Finance 101
President Obama offered his views on the stock market yesterday and noted that “profits and earnings ratios are getting to the point where buying stocks are potentially a good deal…” Profits and earnings ratios Mr. President?? Did you mean price and earnings ratios maybe? Obviously anyone that has his eye on the big picture like our Prez doesn’t sweat little stuff like P/E ratios, falling stock prices, trillion dollar budgets, etc. Imagine how much fun Keith Olbermann would have had if George Bush had referred to profits and earnings ratios? Speaking of Darth Vader, who is Keith smearing these days and does anybody care? Hopefully he’s being paid in his parent company’s stock, i.e. maybe GE stock options at say $30!
May 4th, 2010 at 4:25 PM
An execllent post with strong points, We have been a lurker here for a short time but desire to become a lot more involved soon.