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

To: Softechie who wrote (33785)2/26/2002 7:17:12 PM
From: jjstingray  Read Replies (1) | Respond to of 99280
 
That is ridiculous. I think people are just pumping money into the Dow because tech stocks do not have the growth possibilities. I just think it is a liquidity driven run, very similar to Sept to Dec run from last year. The money has to go somewhere and right now it is going into the Dow.



To: Softechie who wrote (33785)2/26/2002 10:41:43 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
Dow P/E is now over 27. Much worse than last year of 21.

As long as inflation is not a problem and rate of return elsewhere is so low, high P/E's don't bother me. However, if AG declares a war on inlation and changes his bias to tightening, these DOW stocks better pass on hefty price increases to deflate high P/E's. I am sure people who buy Pampers wouldn't notice a extra buck or two that P&G would tack on if they could get away with it.


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