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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (2605)12/29/1998 12:43:00 PM
From: MrGreenJeans  Read Replies (4) of 15132
 
Another Indicator

The S and P 500 is currently at 1235 as I write. Divided by projected earnings of $51.50 gives one a market price earnings ratio of 23.98. There has been some indication on this thread that Bob will raise his targets in the January newsletter but without an increase in projected profits this market is looking pretty ripe for some profit taking or a pullback to me. In short, this market is looking expensive to me or to put it another way how many fortunes are made buying stocks at 24xs earnings?

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