What a Little-Known Market Tool Is Telling Us About U.S. Stocks in 2012
If you're a longtime investor, you're no doubt familiar with the Price/Earnings (P/E) ratio - a common measure for valuing the stock market.
But you may not be as familiar with the more-obscure Earnings/Price (E/P) ratio, which some experts refer to as the "earnings yield" on stocks.
If you're not familiar with the earnings yield, it's time to brush up.
While it may be obscure, the E/P ratio is an important tool. It not only tells you stocks' value, it allows you to compare that value