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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Joey Two-Cents who wrote (9942)6/11/1998 11:28:00 PM
From: Oeconomicus  Read Replies (2) of 18691
 
Welcome back Joey. Thanks for the links. From the "Warnings" link: First Call has also cut its year-on-year earnings growth forecast for the Standard & Poor's 500 companies to 4.9 percent from a year ago, down from 5.3 percent last week. A 27.7 PE on the S&P still and trailing 12 mos. earnings on the S&P are actually 2% less than at the same time last year. I think 4.9% is still optimistic, but even that doesn't justify a 27 PE.

BWDIK?
Bob
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