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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: James Clarke who wrote (8393)9/26/1999 5:57:00 PM
From: Gary105  Read Replies (1) | Respond to of 78958
 
Jim, can you comment on Abby Cohen's comments about market being undervalued. Trailing P/E of S&P500 is in upper 20's (much higher than p/e level of low 20's before 87 crash) compared to historical levels in the teens. Even forward p/e is well into the 20's. Why does Abby think its undervalued?

thanks,

gary