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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (14718)	8/12/2001 1:33:57 PM
From: Mark L.	Read Replies (2) \| Respond to of 52237

How recent is that data? At the last major bottom in 1982, the S&P traded at a PE of 6. The low point for the P/E in 1982 was in July. At that point the 12-month trailing corporate earnings were still relatively strong ($429.2 bil). The trough of 12-month trailing earnings was in April, 1983 ($345.6 bil). By that point the S&P P/E was 9.5, close to 50% higher. The July, 1982 P/E was historically unusual. You have to go back to January, 1922 to find one lower.