Amidst Persistent Downward Revision In S&P 500 Op Earnings, 2018 Starts Out At > $147!
The S&P 500 large cap index trades at 21.3 times operating earnings or 17.4 times or 15.5 times. Take your pick. The first one uses trailing 12-month earnings, and the latter two forward. In Chart 1, the red bars are … Continued