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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (11102)6/16/2002 8:05:34 PM
From: James Strauss  Read Replies (1) of 13094
 
S&P 500 Still Overvalued...
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William:

Projected S&P 500 EPS is 49 to 50...
bigcharts.marketwatch.com

A 15 to 20 P/E puts the S&P 500 at 750 to 1000... In other words, flat to 25% down if the market follows the usual course or P/E deflation at the market bottom...

Flat would be good... : >

Jim
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