[shortonoil]

I use economic criteria to appraise the projections of the AvailableEnergy model. Over the last year they have diverged more and more. I have not been able to figure out why. One of the variables in the economic model is the S&P P/E Ratio.

Tesla at TF: But whether the rally ends now or later, it must end because corporate earnings are crashing, and because price/earnings ratios are going through the roof. This is not a "maybe," and this is not something that will happen unless President Obama does "X". There is nothing that can be done.

P/E

This means that most of the economic predictions handed out are bogus. Everyone uses P/E ratios to determine future earning, capital formation potential, employment and credit creation rates.

[Spanktron9]

Isn't math a bitch? I've been saying the same for 9 months. Make up all the numbers you want, report fictitious earnings. In the end, you still lose.