tag:blogger.com,1999:blog-6616959642391988608.post1735672416680055541..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Credit spreads are still high, but not scaryScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6616959642391988608.post-50340405329930426642010-06-29T09:18:58.680-07:002010-06-29T09:18:58.680-07:00The market has wiped out any forward earnings grow...The market has wiped out any forward earnings growth....with<br />the S&P 500 at 1045 and using a 15<br />P/E...you get 69.66...12 month<br />trailing operating earnings is expected to come in at the end of the 2nd quarter at 71.96...so the market is now starting to price<br />declining earnings...broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com