According to Bloomberg, of the 1600 firms giving 1st half guidance, 40% predicted a drop in earnings. That E in your PE ratio is trending lower & “cheap” is relative.

via Trinh Nguyen: Worst sectors in H1: a) Petroleum processing -56%(worsening)🥶 b)Other mining -44% (improving) c) Non ferrous metals -38(improving) d) Chemical fibers -25% (worsening)🥶 e) Metal products -15 ((worsening)🥶 … Read more

The “Siberian” climate was predicted just four years after the London Independent assured its readers that “Snowfalls are now a thing of the past.”

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS: ● Shot: —The Grauniad, yesterday. ● Chaser: “President Obama ‘has four years to save Earth.’” —Headline, The Grauniad, January 18, 2009. ● Hangover: The “Siberian” climate … Read more