Thread: Money Tip-toeing back into the Market?
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Old 10-10-2008, 03:13 PM   #18
Amnorix Amnorix is offline
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Join Date: May 2003
Location: Boston, Mass.
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Quote:
Originally Posted by eazyb81 View Post
What's fascinating is that gold actually fell off a cliff today. In an equity market like we had this week, that would normally be the flight to safety, but it's not happening. It's just a totally irrational market right now that is throwing fundamentals out the window. There are companies that are literally trading at 1x earnings.
I just heard that BP is at 5x earnings. Of course, earnings probably won't be anywhere near as high going forward as they were the last year or so, but still.
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