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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	6/12/2002 4:28:48 PM
From: nsumir81	of 99280

DJ S&P 500 Price/Earnings Ratio At 41.32, Up From 41.05 06/12/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Wednesday, June 12, was 41.32. Tuesday, the ratio was 41.05. The lowest price/earnings ratio on the S&P 500 came in the second quarter of 1949, when the reading slipped to 5.9. Over the last decade, the low was 15.77 in the first quarter of 1995. The P/E ratio rose to 36.43 in the second quarter of 1999, a new high on a quarterly basis, topping the previous high of 34.42 in the first quarter of 1999. The price/earnings ratio, known as the multiple, is a measure of the average stock price divided by the average earnings per share. The earnings data is based on the trailing four quarters. (END) DOW JONES NEWS 06-12-02 04:28 PM

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