12-06-2018, 11:32 AM
(12-06-2018, 11:03 AM)Otter Wrote: Even with today's drop (so far) S&P 500 still sporting a 21.67 trailing P/E. Just need a 27.4% drop, and we'll make it back to the historical mean.
That is one way to look at things but I'm not too sure if the sp500 p/e really means much nowadays.
The 3 (by far) biggest ones in sp500.
MSFT: pe 43.56
AAPL: pe 22.93
AMZN: pe 91.66
Looking at it, those 3 make up about 10% of the index. And their average pe is well over 50....
Back to the topic: bought a couple shares of RTN to finalize my position.