Behind The Markets Podcast: Andrew Okrongly & Ben Clissold
Behind the Markets Podcast
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Nasdaq
The NASDAQ, I still think has a P of 22, 23. Of course, the S&P is on next year's earnings is 16, 17. So, I mean, it still certainly hasn't been batted down to the levels and probably should not be ever down to those levels. There still is a gap. And when there's disenchantment, as we saw at the end of the dot com bubble, I believe the P ratio actually deflated just about to the value of the market.
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