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Gold/Mining/Energy : Gold Price Monitor

GDXJ 87.56

-4.9%

Nov 4 4:00 PM EST

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To: Rarebird who wrote (75593)	8/27/2001 7:49:17 PM
From: re3	Read Replies (1) of 116752

rb you say...<<<<<There are two ways a P/E multiple can go lower. Either prices fall or earnings rise. That is effectively the dilemma the market is currently in. If earnings do not rise, if growth does not re-accelerate, prices will continue to fall until the market's P/E multiple reverts to its historical level. what is a fair p/e, then for the nasdaq ? my understanding was that the p/e at the peak (say nasdaq 5000 for simple arithmetic) was about 200...(or was that 250 ?) a p/e of 200 meant that the earnings for the nasdaq at the peak of the bubble were 25...so, again, what is a fair p/e ? a p/e of 20 x earnings = 500 on the nasdaq... then there is the argument about obsolescence...you don't know if the stars of the nasdaq now will be the big hitters when this thing recovers... and when you say : <<<<<<<the general trend over time is for companies to increase their earnings i don't know...isin't the general trend over time for companies to screw up, fall asleep and lose market share ? you buying any xerox or polaroid lately ?

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