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Pastimes : Ask Mohan about the Market

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To: robnhood who wrote (15354)4/8/1998 7:39:00 AM
From: John Hunt  Read Replies (3) of 18056
 
Warning Signs

S&P 500 P/E ratio: 28.3
S&P 500 dividend yield: 1.4%
S&P 500 earnings yield: 3.5%
S&P 500 profit growth: declining
S&P 500 gain since 1995: 125%
S&P 500 price to book value: 6 to 1

Bearish advisors: 22.6%

US market capitalization: $13 trillion
US GDP for 1997: $8 trillion

Mutual fund cash: 4.9% (February)
1997 mutual fund inflow: $230 billion

No. U.S. mutual funds: 6000
No. stocks on NYSE: 3500
No. stocks on Nasdaq: 5500

From Fiend's commentary today

fiendbear.com

Russell,

How far can you stretch an elastic band?

John

Factoid ... 58 Ontario residents have so far ticked off the box donating all or part of their income tax refund to pay off the deficit ... The fellows in the white coats are picking them up now. < G >
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