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Strategies & Market Trends : Strong Industry Groups - Strong Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Sam Raven who wrote (1100)	4/30/2002 4:11:22 AM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 1567

Well Sam, since this whole mess of a market may collectively be just about solvent it obviously follows that much of what's being traded is totally bankrupt: <<<Fundamental Characteristics Month Ending 3/29/2002 Total Market Value ($) 13.0 trillion Mean Market Value ($) 2,180 million Median Market Value ($) 133.8 million Weighted Average Market Value ($) 81,327 million Largest Company's Market Value ($) 372.1 billion Smallest Company's Market Value ($) under 1 million Median Share Price $10.51 P/E Ratio 34.8 Price/Book 6.11 Current Yield 1.30%>>> The Wilshire 5000 Total Market Index wilshire.com. Never mind the meager earnings. We have here book value of the market at just over 2 trillion dollars. It has been estimated that companies need to write off a trillion in goodwill and other accounting fluff they used to deceive and defraud investors while the going was good. So there goes a trillion of that "book". In light of Enron and other similar scams I think we can add to debt a few hundred billion hidden off balance sheets. Also it's probably a good idea to discount heavily for incredibly lax "regulation" around here and generally loose standards on all fronts. So this whole mess is probably trading at 10-20 times "book" as per the above. Small wonder the dollar is starting to tank. Have a nice day, BF