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Today I did a quick review of the 100 top stock gainers from Yahoo.  I counted the ones that had ANY P/E at all and there were 32 of the 100 or 32%. 

Now, if I were to look at those with a P/E, there were a good number with very high P/E’s.

“We have to practice defensive investing, since many of the outcomes are likely to go against us. It’s more important to ensure survival under negative outcomes than it is to guarantee maximum returns under favorable ones.”