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To: limtex who wrote (7738)10/17/1999 6:27:00 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 60323
 
No crash, but people will be watching earnings reports for signs of whether the overall market justifies the average PE, which happens to be on the high side.

It's time to be very selective, but I think one can be more sophisticated than the article in this week's BARRON'S on ten stocks with low PE. It's not just PE that counts, but the relationship between PE and growth in demand for products and services.