The article is actually worth reading if you have any money invested in the market. Last year, earnings were robust but price/earnings ratios were higher. This year, earnings are meager, but price/earnings ratios are low.
The problem is less with financial reporting than with expectations of the future.
10 posted on 10/23/2019 7:40:19 AM PDT by Vigilanteman
(The politicized state destroys aspects of civil society, human kindness and private charity.)