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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: David Howe who wrote (12514)6/3/2002 1:22:19 PM
From: Death Sphincter  Read Replies (1) | Respond to of 19219
 
"I don't disagree with this. However, I suspect that rates will stay quite low for many years. Perhaps not quite as low as they are now, but low relative to historical levels. Thus, PEs should stay high relative to historical levels."
ok...lets assume that is a valid assumption. but how high is high relative to historic norms? currently we are talking way above historic norms. low interest rates justify PE of double or more of historic highs?? seems a tad bit excessive to me