Welcome Back, Financial P/E Ratio!

After having a negative P/E ratio (trailing 12-month) from the start of the fourth quarter 2008 to the end of the fourth quarter 2009, the S&P 500 Financial sector once again has a positive P/E ratio.  The key to going from negative to positive was dropping the horrible earnings loss that the sector saw in Q4 '08.  It's just a start, however.  The P/E ratio for the sector currently stands at 65!  This should drop significantly in the coming months, though, as long as actual earnings come in close to what is currently expected.