MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Craig Richards who wrote (25227)	9/8/1999 2:06:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Craig, i admit you have a point there...however, this doesn't change the fact that p/e expansion has vastly outpaced earnings growth in recent years and this is especially true of the tech sector. a more meaningful way of looking at this may be to single out the big cap tech names like MSFT,INTC,LU,CSCO, etc. and look at hoe their p/e expansion in recent years compares to their earnings growth over the same time span. without being able to quote exact figures, i think it is no stretch to assert that the current p/e's of these companies are extremely lofty. it is highly unusual to find such high p/e's at this point of the economic cycle. in a recession, yes. anyway, eventually valuations will adjust to fundamentals, they always do in the long run. btw, thanks for posting these interesting statistics...20 companies with p/e's>1000? presumably the mania darlings... regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next