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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Michael Young who wrote (736)	4/3/2000 9:08:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

4 Year Weekly Charts with P/E Multiple for:AVP,K,JNJ,CLX Michael, those stocks work in a slower economy and a recession. However, they also are good candidates for a P/E multiple expansion. That is Cramer's point. the Pharms worked their way up to trailing P/e's of 40 and 50 by early 1999. and PG, CLX, CL, AVP etc all had trailing P/E's north of 40 a year ago. AVP was near 60 times Trailing earnings!! CHeck out how the P/E Multiple has come back in on these 4 stocks: ---Valuations Matter!!!--- geocities.com geocities.com geocities.com geocities.com John