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

To: David Howe who wrote (12518)	6/3/2002 1:54:31 PM
From: nsumir81	Respond to of 19219

PE 17 to 21 is ~ 25 % difference. (kind of if you believe the 'E')

To: David Howe who wrote (12518)	6/3/2002 2:12:52 PM
From: Death Sphincter	Read Replies (2) \| Respond to of 19219

problem with S&P numbers is.....what to believe, who to believe, what you want to believe and what set of numbers do you want to use. here's Standard and Poors site. do you want to believe in forward estimates? do you think new calculations implemented will affect earnings going forward?....does this make things crystal clear? spglobal.com

To: David Howe who wrote (12518)	6/3/2002 3:03:32 PM
From: ahhaha	Read Replies (1) \| Respond to of 19219

A lower dollar has the opposite consequence than it had in the past. It stimulates American output more than it does for any other country. A falling dollar will cause, contrary to finally learned, and finally wrong, Wall Street opinion, an explosion in corporate profits. This will lower current PEs, but forward PEs should rise due to rising stock prices which have to catch up with all the unavoidably bullish economic facts in place. With rates at 3% the median PE should be 30 for NYSE stocks. This is an actuarial fact, not an emotional one.