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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Alex MG who wrote (21342)1/12/2002 1:23:57 PM
From: Softechie  Read Replies (2) of 99280
 
I'm not alone once again...The S&P 500 is selling at a record 41 times its earnings, a Price/Earnings ratio that’s sure to worsen when 4th quarter earnings, expected to be down substantially, are reported over coming weeks. So the stock market is priced for perfection, for a return to sustained earnings growth, while the economy later this year quite likely will not allow that to happen.
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