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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (11082)12/6/2001 11:24:39 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 99280
 
Larry: Re: "The chartist uses past earnings."

You are right. I really don't get it. Basing current and future market valuation of past earnings of a bygone bubble? Whatever. Market does not pay for yesterday. It pays for tomorrow.



To: TREND1 who wrote (11082)12/6/2001 11:47:26 AM
From: eddieww  Read Replies (1) | Respond to of 99280
 
"The earnings part of the equation is based upon the
12 months ahead operating earning estimates
produced by I/B/E/S..."

Directly from the article you posted.

edit: Ah, I see it now. Don't agree with the methodology, but retract the first part of this post. -g-


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