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Strategies & Market Trends : The Stock Market Bubble

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To: Kenneth E. Phillipps who wrote (2352)	11/23/1998 9:02:00 AM
From: Wren	Read Replies (3) of 3339

Barron's shows the Dow with a P/E of 24.7 Friday (it was 23.6 on July 17). It shows the S&P500 P/E as 29.58 (it was 30.01 on July 17) Earnings are lower. Barron's shows Dow earnings currently as $370.58 (Earnings were $395.63 on July 17) It shows S&P earnings currently as $39.33 (Earnings were $39.54 on July 17) Dow earnings continue to decline, they were $370.87 the week before. S&P earnings are improving, up from $38.97 the previous period.

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