Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: 4rthofjuly007 who wrote (42598)	3/21/2002 11:59:24 AM
From: Softechie	Read Replies (3) of 99280

Isn't that cheap! I'm newbie and need your help... &P 500 Price/Earnings Ratio At 46.26, Down From 46.99 NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Wednesday, March 20 , was 46.26. Tuesday, the ratio was 46.99. A year ago, the ratio was about 23.20. The lowest price/earnings ratio on the S&P 500 came in the second quarter of 1949, when the reading slipped to 5.9. Over the last decade, the low was 15.77 in the first quarter of 1995. The price/earnings ratio, known as the multiple, is a measure of the average stock price divided by the average earnings per share. The earnings data is based on the trailing four quarters. (This story was originally published by Dow Jones Newswires) Copyright (c) 2002 Dow Jones & Company, Inc. All Rights Reserved

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