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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Cynic 2005 who wrote (1458)9/6/1997 9:26:00 PM
From: Scott D.   of 42834
 
Mohan,
You seem to understand the situation completely. No one has
commented on Bob's show today. I only caught the last few
minutes (Wade Crook was running a new disinfomercial mentioning
his welfare and food stamp childhood). Anyway, Bob said that an
S&P PE above 20-22 is out of the question. And therefore DOW
9,000, much less DOW 10,000, is out of the question for this
year. He mentioned that the DOW historically has a PE slightly
lower than the S&P because of the DOW components.
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