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To: scotty who wrote (80398)12/20/1999 7:12:00 AM
From: Robert Schling  Respond to of 86076
 
Here's some good reading from our friend Yardeni. I like the graphs going back to before 1987, because they keep the "big picture" present. The data on analysts' exuberant earnings forecasts and historical profit growth is particularly interesting. If historical benchmarks are used, the market is currently overvalued by about 55%. But again, we are in a NEW ERA (=perpetual earnings growth of 15% while GDP grows at 4%...).

yardeni.com
yardeni.com
yardeni.com
yardeni.com

BWDIK



To: scotty who wrote (80398)12/20/1999 11:14:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
the media and the government have shared a bed for ages now...you only have to look at how expressions of popular discontent (to wit: the Seattle demonstrations) are reported to know that.


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