P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (9736)	10/7/2002 4:10:15 PM
From: J D B	Read Replies (1) of 30712

All this down movement, and it's still too pricey... S&P Price Earnings Ratio At 31.81, Down From 32.43 NEW YORK (Dow Jones)--The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Monday was 31.81. On Friday, the ratio was 32.43. A year ago, the ratio was 28.29. 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. (END) DOW JONES NEWS 10-07-02 04:07 PM- - 04 07 PM EDT 10-07-02

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