America's most valuable company warned investors on February 17 that its sales would miss the mark because of chaos caused by the coronavirus outbreak in China.Yet investors, betting the coronavirus storm would soon pass, plowed into tech stocks, sending the Nasdaq to a record high the next day. By February 19, the S&P 500's price-to-earnings ratio, a common valuation metric, climbed to new cycle highs.
That's the highest level since May 23, 2002 and well above the 10-year average of 14.9. Moreover, nine of the market's sectors were sporting P/E ratios that exceeded their 20-year averages, FactSet said.In other words, markets were due for a correction, as Goldman Sachs presciently warned last week.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
All about the money. Not much about the people?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett interview live updates: 'Good for us' when stocks drop, Berkshire coronavirus impact“In effect, we don’t want everybody to buy our stock.” Warren Buffett says that he wants “people who are in sync with us” to invest in Berkshire. AskWarren BeckyQuick pergunte a ele se eu investir 100.00 reais brasileiros ,em qtas décadas ,vou ficar MILIONÁRIA kkkkkkkkkkkkkkk BeckyQuick Seems this market dip is starting to look like the opportunity Buffett has been waiting for BeckyQuick WHO CARES? MARKET IS CRATERING AND WE ARE NOT INTERESTED IN HEARING HIS LONG TERM MUSINGS! CUT HIM OFF!!
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks tank as investors brace for a coronavirus pandemic - Business InsiderThe flu-like illness has now killed people in Italy, Iran, and South Korea, fanning fears it will hinder the global economy.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Global stocks roiled as Italy and South Korea sound coronavirus alarmStock markets around the world are selling off on Monday morning as coronavirus cases spike in Italy, South Korea and the Middle East. Live shot of Larry Kudlow: Ever notice how giddy cnbc gets when the markets are down. They'll trot out the same idiots and do the same stupid interviews. Now this is getting scary
Source: CNBC - 🏆 12. / 72 Read more »
European stocks set to open sharply lower on fears coronavirus is spreading in ItalyEuropean stocks are poised to open sharply lower Monday as investors watch as Italy grapples with the largest coronavirus outbreak outside Asia.
Source: CNBC - 🏆 12. / 72 Read more »
BNP Paribas names the Asian stocks to buy during — and after — the coronavirus outbreakSome Asian markets and sectors could be immune from the economic fallout resulting from the ongoing coronavirus outbreak, said BNP Paribas. Find the corona virus stocks to profit from tonight using crowd-sourced fundamental research. Our whatsapp room is nearing max capacity. I’ll put the list in my will. !!!!!! Many of the stock's prices of some American and other companies are with very different real prices already - down, down, down (for example Dell, HP, Microsoft, Google and many others are with fake stock's prices) !!!!!!
Source: CNBC - 🏆 12. / 72 Read more »
Italian stocks slump 4%, as European equities crumble on spreading coronavirusEuropean stock markets fell sharply open on Monday, with investors gripped by concerns over the spread of the coronavirus, with cases shooting up in South... Join our telegram community for FREE - Signals - Analysis - Education - Trading Tools - Market Updates - News & much more Get instant access at forex forexsignals Down 750 a short while ago - I am thinking the market will try to go for down 1000 by end of the day This isn’t about corona. This is about sanders. If sanders wins, expect a 70% correction.
Source: MarketWatch - 🏆 3. / 97 Read more »