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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: DD™ who wrote (9830)11/13/1999 10:22:00 AM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
DD: "Based on our $54.50 S&P 500 operating earnings estimate for next year, the S&P 500 Index now trades at just under 25 times."

Not the best choice of words on Bob's part as this could be read to indicate that 25x is some sort of bargain. I doubt he meant it that way.
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