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

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To: Jeff who wrote (63761)5/8/2002 12:05:29 PM
From: KevinMark  Read Replies (1) of 99280
 
>>>Today I finally gathered enough data to work out the PE and PS values for the top 60 NDX stocks and the weighted average PS is only 3.89

I had expected it to be higher
and am thus tempering my valuation-based bearish stance on the NDX 100 (although I am still moderately bearish for other reasons).
<<<

Thanks to Steve for that analysis. If that doesn't scare the bears, not sure what will.
Message 17437338

Revenues are only going to increase from these levels(hence QLGC), and earnings will improve as cost cutting measures begin to take place, therefore lowering PE's.

The glass is either half full or half empty. It's half full for me.
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