Was looking at this chart today: https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart
Seemed a bit odd to me that p/e spiked to over 100 during a time of turmoil in the economy for many people. It doesn't seem to be a super clear correlation between a spike in p/e and a recession. The chart does note that it is 12 month trailing numbers, so maybe it became high just before the recession? Anyone have any knowledge on this?
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