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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (75636)11/16/1999 2:33:00 PM
From: Imuah  Read Replies (1) of 86076
 
MM

SOX is losing steam, no doubt. I did a quick calc on the p/e of the index. it's trading at about 40 times next years earnings. Just a simple addition of the projected p/e's divided by 16. The last 2 or 3 days, it has been the weakest of the major indexes. It's getting a good bounce from it's lows as I write.
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