Listen: Stocks plunge as global growth, U.S. earnings spook investors
"Going back a year ago right now, it was at about nineteen times earnings, basically, your stocks have treaded water pretty close to it over the past year while earnings have grown substantially. So you do have valuations a little bit more on your sides S and P five hundred index down eighty four a drop of three point one percent. The Dow plunged six hundred eight points down two point four percent, NASDAQ down three hundred twenty nine a drop of four point four percent in new. York. Charlie pellett. Bloomberg daybreak Asia. All right. Thirty four minutes past the hour. We update markets every fifteen minutes here on Bloomberg radio. And I'm coming to you live from the Bloomberg interactive brokers studio in Hong Kong and programs. Brought to you by PGN in the search for alpha partner with PGN global investment management. Businesses of prudential financial Inc. Well, Doug"