The Enterprising Investor’s Guide 2-23-09
February 23, 2009 at 11:50 AM EST
The price-to-peak earnings multiple plunged to 8.6x, which is a new low on a weekly closing basis. Equities took a major hit last week with the S&P 500 falling nearly 7%, approaching its lows from last November. Financials took the worst of it as nationalization rumors swirled around Citi (C) and Bank of [...]
