“Some high-level decision-maker at Standard & Poor’s has decided that the public should no longer be allowed easy access to this crucial number: the Price/Earnings ratio of the S&P 500.
That number went above 140 on September 30, 2009 — the highest ever recorded. It had continued upward all year.
I went to the old page late last week. The page has been totally redesigned. The P/E ratio was missing.”
A very disturbing event.