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


To: byhiselo who wrote (43803)3/25/2002 3:57:33 PM
From: LTK007  Respond to of 99280
 
no,lows is my guess. That's the paradox.For Homebuilders that is a bearish indicator.As far as i know 8-1 trailing P/E is not it's historic high. .But maybe i am all wrong, been known to happen,LOL! maybe 8-1 is their highside range and their lowside ramge is like 4-1.
I just read that at 8-1 p/e that in the past has been a top-side indicator for Homebuilders , and i presumed(quite possibly falsely) they meant because of the low p/e.