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Politics : Ask Michael Burke
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To: SeaViewer who wrote (63767)7/1/1999 4:54:00 PM
From: benwood  Read Replies (2) of 132070
 
The highest P/E prior to today's (what, around 34, 35?) was 26.51 in 1992, going back to 1950 anyway. That doesn't take into account the much higher percentage of a company's earnings being siphoned into the executives and even employees now that doesn't show up. What's that, 5%, 10% of earnings? Maybe more? That would put the effective P/E up to 38-42... Good thing interest rates are rising to support the market <g>

yardeni.com
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