Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.04

0.0%

Dec 26 4:00 PM EST

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To: Gottfried who wrote (6870)	11/13/2002 5:58:22 PM
From: Return to Sender	Read Replies (2) of 95639

Sure the backlog is still strong but it is decreasing not rising. The question that keeps nagging at me Gottfried is simply have we hit trough valuations for stocks like AMAT? Consider this: While seasonal factors are currently favorable for the S&P 500 over the near-term, the relatively low level of corporate earnings has many investors concerned about the long-term. To create today's chart we simply identified all the major stock market bottoms since 1940 and calculated the PE ratio for that particular day. What does the chart show? Despite a 49% bear market correction that began over two years ago, the October 9th PE ratio of 29 was approximately 2 to 5 times greater than any previous major bottom since 1940! chartoftheday.com Click on the link above to see the chart. RtS

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