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Technology Stocks : Intel Corporation (INTC)
INTC 39.49-3.2%1:45 PM EST
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To: Dave who wrote (174145)4/17/2003 9:59:20 AM
From: chomolungma  Read Replies (1) of 186894
 
So I'll modify my statement: even when adjusted for inflation, and especially when modified for dividend yields and economic cycle, P/Es are aberrantly high and we'll all feel the pain when they inevitably are corrected.

I disagree. Given the current level of interest rates and the non-recessionary earnings power of the S & P 500, my analysis places this average around 20% undervalued and very likely more.
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