{"id":236254,"date":"2010-01-27T09:45:00","date_gmt":"2010-01-27T14:45:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/peter-boockvar-remember-when-we-used-to-care-about-pe-ratios-now-were-all-political-science-major-2010-1"},"modified":"2010-01-27T09:45:00","modified_gmt":"2010-01-27T14:45:00","slug":"peter-boockvar-remember-when-we-used-to-care-about-pe-ratios-now-were-all-political-science-majors","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/236254","title":{"rendered":"Peter Boockvar: Remember When We Used To Care About P\/E Ratios? Now We’re All Political Science Majors"},"content":{"rendered":"

\"peter<\/p>\n

Some good thoughts from Miller Tabak’s Peter Boockvar on the significance of today:<\/p>\n

If there ever was a day that encapsulates the new economic world we live in, it is today. The President in his State of the Union address will tell us how he plans to create jobs and the FOMC will tell us how they will craft the right policy to grow the economy.<\/p>\n

Also, Geithner testifies about the AIG bailout. Remember the days of focusing on P\/E ratios, returns on equity and other fundamental research.<\/p>\n

We all have become political science majors, not because
we want to but because we have to in order to better waddle thru the markets
that have been driven more by DC policy than the industriousness of America’s
private sector.<\/p>\n

Actually, he’s missing one thing in his encapsulation of the new American economy: The Apple Tablet<\/a>, which will confirm that despite all the nonsense in Washington, American tech and innovation remains second to none<\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n