Lee Munson on CNBC’s “Closing Bell” April 28, 2009
Posted in In The Press on April 28th, 2009Lee Munson’s monthly column “Money 101″ for New Mexico Business Weekly
Posted in In The Press on April 28th, 2009S&P 500: There Is No P/E (Part II)
Posted in Stock Reports on April 23rd, 2009Lee Munson and Patrick Kirts comment the S&P 500 price-to-earnings ratio. Part two of two. Published on Seeking Alpha
In part I we reviewed Standard and Poor’s earning estimates for 2009-10. They expect corporate earnings to continue with a slow climb throughout 2009, leading to a significant rebound in the trailing P/E in the fourth quarter, once 2008 losses are completely purged from the system. S & P’s scenario seems to assume that, once the 2008 losses are absorbed, a sort of muted business-as-usual will take over.
S&P 500: There Is No P/E (Part I)
Posted in Stock Reports on April 23rd, 2009Lee Munson and Patrick Kirts comment the S&P 500 price-to-earnings ratio. Part one of two. Published on Seeking Alpha
Standard and Poor’s is predicting that, for the first time, the S&P 500 will have a negative twelve-month trailing price-to-earnings ratio in the third quarter of 2009. The following chart compares five sets of data for the S&P 500 and its financial sector constituents, with actual earnings for 2007-8 and estimated earnings for 2009-10, in both as reported diluted earnings per share (with top-down estimates) and operating earnings per share (with bottom-up estimates).
It’s Not All Bad News
Posted in Latest Reports, Stock Reports on April 14th, 2009Lee Munson and Patrick Kirts comment on the market. Published on Seeking Alpha
We were not pleased to hear the unemployment comments from the Fed this week, and the love-fest with tech and financials are giving us a headache. However, before you think all we see is doom and gloom, keep reading for some signs of hope. This means nothing in terms of the reality TV show based on the economy called the stock market, but it does show that eventually, things will get better. If you have an understanding of how the structural improvements are taking hold, your ability to spot the new leaders is greatly improved.
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