After getting off to a blistering start, fourth-quarter earnings season has come back to Earth in the last couple weeks.
By Kevin McElroy | Sep 5, 2012
One of the world's best oil investments is getting hammered on the heels of bad news and worse headlines. And that's typically the best time to buy.
By Ian Wyatt | Feb 3, 2012
Investors tend to think rosy thoughts when times are good, yet they are quick to expect the worst. The fact is that most investors get things wrong.
By Ian Wyatt | Jun 2, 2010
To call the explosion of the Deepwater Horizon oil rig and the subsequent well damage that’s allowed millions of gallons of oil spill into the
Eleven men died when that rig exploded on April 20th. And now, critical fisheries along the coasts of
An oil slick is reportedly nine miles off the coast of
BP itself is under siege, too. The stock is in a virtual freefall as repeated efforts to cap the leak have failed. It could be months before the leak is stopped. Costs to the company could hit $22 billion. And that’s if BP didn’t do anything wrong.
By Ian Wyatt | May 24, 2010
I really, really don’t want to talk about the euro today. And I think I’ve made myself quite clear about oil prices. (In fact, I just recommended another top-notch Bakken oil producer to Energy World Profits readers last Thursday that should be good for a quick 30% gain as well as outstanding long-term growth. You can learn more HERE.)
Today, there’s something else on my mind.
As usual, there’s a wide range of debate over whether stocks are overpriced or not. The Wall Street Journal says that the price-to-earnings ratio for the S&P 500 is currently 19. Based on forward earnings estimates, it’s 14. Clearly, a p/e of 19 is above the historical average of approximately 16. And the forward p/e of 14 is below the historic average. It’s likely that the truth lies somewhere in the middle. I have no problem stating that stocks appear more or less fairly valued at the moment.