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Waiting For A Bargain?

1If you’re a bargain shopper you may have found last week not as scary as everyone else. You wait for prices to go down just enough before you swoop in and buy at a steal the only problem is this time, there may be no bargain. Today’s article explains, “At Friday’s close, the S&P 500 traded at 16.1 times analysts’ estimates of the earnings that companies will report over the next year, according to FactSet. This metric, known as the market’s forward price-to-earnings ratio, has indeed fallen over the past five months. But it is still well above its ten-year average of around 14.” To read more, CLICK HERE.