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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (14703)8/12/2001 2:28:21 AM
From: Mark L.  Read Replies (1) of 52237
 
For some reason my comments are coming across as justifying high PE's. I'm not sure why this is, but I certainly believe that over the very long run PE's will return to slightly above historical norms (slightly above because certain previously venture capital ideas without earnings--like biotech--have moved into public equity markets).

The thrust of my earlier remarks was simply that it's important to use consistent and relevant statistical methodology. Nothing more.
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