Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (17676)	3/14/1999 6:44:00 PM
From: Kailash	Read Replies (3) of 18691

"Current P/E ratio: Higher than you think" by William R. Emmons. Nice work at stls.frb.org (you need the acrobat reader). In brief, P/E values have never in the history of the stock market been this high in a bull market; the only precedent is recessions, when investors have reason to think earnings will rebound. Kailash

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