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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (54827)4/6/1999 3:48:00 PM
From: sjemmeri  Read Replies (1) of 132070
 
>So far, the intellectual reasoning behind the rise in stock pe ratios has been two-fold: 1. Growing eps. Last year eps were down and the market hit record levels, so that has proven to be a scam. <

I'm not defending the rise in PE but hasn't most of the recent
PE expansion been in those stocks that have continued to grow
earnings?
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