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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (69569)10/26/1999 2:52:00 PM
From: Freedom Fighter  Read Replies (2) of 132070
 
Mike,

The changes to the DOW should expand the PE of the index quite significantly. It'll be closer to the S&P500 now.
The expected growth rate in earnings should also be higher now.

I've been doing to some screens. The bloodshed is pretty bad once you get past the top companies.
There are tons of them down 30%-40% from their highs.

Wayne
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