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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST
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To: pater tenebrarum who wrote (25183)9/8/1999 1:54:00 PM
From: Craig Richards  Read Replies (4) of 99985
 
Hi Heinz,
Some more thoughts on NASDAQ "average P/E":

According to marketguide.com,
there are 4689 NASD companies, of these 2675 have a P/E > 0, 123 have a P/E > 140, and 20 companies have a P/E > 1000. This means that a few very high P/E ratios are skewing the data that was used to calculate the "average P/E". Although I agree that the NASD P/E has been increasing lately, I think the "average P/E = 140" statistic you referred to is not meaningful.

Regards,
Craig
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