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Strategies & Market Trends : Strictly: Drilling II
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To: Bocor who wrote (5105)12/9/2001 10:13:06 AM
From: Crimson Ghost  Read Replies (2) of 36161
 
When I talk about valuations I am referring to the S&P 500 using consensus 12 month forward earnings estimates and the yield on 10year treasuries. Very high P/Es on individual stocks are sometimes justified, but excessive valaution for the market as a whole is something else entirely.
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