Your post to me caused me to look at PE's of some of my holdings-- MSFT, CSCO, LU, QCOM, MSPG, AAPL, INTC NXTL and RMBS. Although I am not amazed that MSFT, LU, QCOM, and CSCO are outrageous. I was amazed to find that INTC is just around 31, GTW is just around 31, and AAPL is under 15 (that can't be right)!
I am now looking at GTW Jan 2000 leaps. I already own a bunch of AAPL. I will wait, however, until the employment cost number comes out on Thursday as this number will dictate the direction of the market for August. |