MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: bobby beara who wrote (74644)	4/11/2001 8:04:15 AM
From: Zeev Hed	Read Replies (1) of 99985

Bobby, if Stack is right (Naz PE of 288) then even the 98' lows (just under 1400 on the Naz) would price this market richly. I just do not think he is right, because later this year, when the earnings will start and look a little better, the leverage in those companies (going from loss to profits) can get their cumulative earnings back to the 2000 levels and growing again. By the way, I am not sure where Stack got his numbers, I am keeping a "going tab" on TTM earnings of the 10 largest Naz companies, and I have right now $38 B (my last update was two weeks ago, then the market cap was under $920 B for PE of "only" 24. Statistics can paint whatever it wants... Zeev

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