The interesting thing from my perspective is that if you compare the Russell to the other major indexes, it is by far the most overvalued of the indexes.
As of today the PE ratios are as follows:
Dow 24.97 S&P 22.37 Nas 27.83 Rus 138.62
The wall steet crowd will provide an entirely different PE ratio that excludes all the companies that report negative earnings per share.
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