Tuesday, September 1, 2015

Stocks at P/E>50

After last Monday, I expected a bounce back from stocks. I used a screener and the main criteria was that the companies had to be trading at over 50 times their earnings. Those stocks were more likely to fluctuate with the SP500. Thursday night, the portfolio was up 7.9% and on Friday I switched the entire portfolio to the short side and as of right now the SP500 is at 1935. How's everyone else playing this volatile situation?



Submitted September 01, 2015 at 02:49AM by financialcounselor http://ift.tt/1IFDGy6

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