QLGC up 30% in the last 3 months with a PE of 48. Ex items , their earnings were 35 cents vs 33 cents a year ago. You need to do better than meet earnings when you are so richly valued IMO.
Maybe this market is finally going to look at valuations and come back down to reality.
Can anyone post for me the S&P and Naz futures at this moment? The site I use is downand I don't have a backup.
BTW, has anyone else noticed that everything is tanking after earnings no matter the content of the report? I read that as the market having already baked in all of whatever good news/numbers could be released, leaving nowhere to go but down regardless...a pretty bearish condition. Seems we're pretty close to the rollover everyone's been awaiting.
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