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Are Stocks cheap?
| COUNTRY/INDEX | P-E RATIO |
| North America | |
| Dow Jones Industrials | 10.7 |
| S&P 500 Index | 11.7 |
| Nasdaq | 16.6 |
| Canada | 9.3 |
| Mexico | 9.7 |
| Europe | |
| Euro Stoxx 50 | 7.9 |
| UK | 7.3 |
| France | 7.8 |
| Germany | 9.5 |
| Spain | 7.7 |
| Italy | 7.2 |
| Netherlands | 5.7 |
| Switzerland | 17.3 |
| ASIA | |
| Nikkei (Japan) | 11.4 |
| Hong Kong | 8.8 |
| Shanghai | 12.3 |
| Australia | 8.9 |
| Singapore | 8.2 |
Why Stocks Are Dirt Cheap?
Jeremy Siegel writes this on Yahoo column.
Aggregate earnings over the past year are greatly depressed by huge write-offs not only in the financial sector but in other firms. For example, Ford, GM, and Sprint, whose aggregate market value is less than 0.2% of the S&P 500 Index, lowered the S&P’s reported earnings by about
Note: We made a similar case 2 weeks ago when the market bottomed out at 8000.
VIX drops below 50 for first time since October volatility.
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