Darrell, RE: SUNW's PE is now equal to Dell's with 1/2 the growth rate. isn't that something.
Seems the market is telling us that either the SUNW growth estimate is too low, the DELL growth estimate is too high, or a combination of the two.
As to inflation. The numbers in the PPI that increased it's averages were tobacco prices and gasoline. What the heck? Food, technology, etc. all came in line.
Since when does oil and tobacco imply, by themselves increased inflation?
Actually, the two items that were out of line were car prices and tobacco, not oil and tobacco. Energy prices cam in about as expected.
And no, by themselves those two items wouldn't mean overall inflation. This is, however, one data point. Also, if you want to omit the two highest data points, to be accurate you ought to eliminate the two lowest data points. All of a sudden, the numbers look bad again. |
