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

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To: Skeeter Bug who wrote (5275)5/30/1998 11:44:00 PM
From: kahunabear  Read Replies (1) of 42834
 
Skeeter,

I think there are problems with things like charges and employee stock options, but most of the data is there if one looks for it. I don't have to look very far to see what I think are fundamental flaws with the market. With an S&P 500 PE near 28 and price-to-book near 6, I think there is plenty of evidence that the market is fundamentally WAY overvalued compared to any historical norms. These other things are just icing on the cake. I think it will be interesting to look back after the fact and see what gets blamed for the irrational exuberance.

WS

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