MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (12746)	6/12/2002 3:48:00 PM
From: David Howe	Read Replies (1) of 19219

<< P/S not EPS >> Opps, sorry. Current average P/S is about 1.5 Historical average P/S is around 1.0 No change to my comments. Again, it's a low inflation environment, we are currently at recession lows in terms of sales. By the way, most companies have higher margins now due to productivity gains. Higher margins lead to higher P/S ratios. IMO, Dave

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