Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: westpacific who wrote (7510)	8/21/2001 11:24:38 PM
From: tradermike_1999	Read Replies (2) of 74559

"Based on earnings as reported under GAAP, the S&P 500 actually finished last week with a P/E ratio of 36.7, according to a WSJ analysis. That is higher than any other P/E previously recorded by the index." An incredibly sober story. And most people think the market is "cheap" because it has fallen so much. Actually now that I just thought for a second about one of my earlier posts. If the dollar does decline rapidly and the Fed stops cutting interest rates or is forced to raise them then we will have a deflationary scenario which would be a total disaster: stagflation with incredible bloated debt everywhere.

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