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Strategies & Market Trends : Tech Stock Options

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To: Compadre who wrote (55859)10/20/1998 11:16:00 AM
From: donald sew  Read Replies (3) of 58727
 
Jaime,

Just on a subjective basis, if there is no rate decrease in NOV., that may be trouble since I do believe that continuous rate decreases are factored into the market prices.

I heard earlier this morning on CNBC, that the P/E for the S&P 500 is back at 27. If I recall correctly, that the P/E for the S&P was at 27-28 when the market was at its highs (DOW @ 9367). Did the analyst on CNBC give wrong information or is that the correct figures based on the adjusted earnings?????????

If that figure is correct, and the market continues higher - that would imply that the S&P is more inflated than when we were at 9367 on the DOW. Is the market creating an even larger BUBBLE in the S&P. I may be way off - can anyone comment???

Seeya
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