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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Alex MG who wrote (26733)9/10/2001 5:34:48 PM
From: Steve Lee  Read Replies (2) | Respond to of 30051
 
Interesting on the S&P values using GAAP accounting rather than pro-forma. More interesting would be the values using forward earnings. This is an exercise I have been working on, but for the Nas 100.

I only have a first pass at the figures so far. Have looked at just the 23 largest index components but these together account for 60% of the weighting.

Results so far tell me we are a long way from bear market values.

Here is the story so far:

Subject 51697