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

To: David Howe who wrote (12747)	6/12/2002 4:01:59 PM
From: Steve Lee	Read Replies (2) \| Respond to of 19219

"we are currently at recession lows in terms of sales. By the way, most companies have higher margins now due to productivity gains" If we are at recession lows in terms of sales then how come GDP is at an all time high? If most companies have higher margins, then how come most companies are reporting lower earnings on those all time high sales? You were pretty close about P/S being at 1.5 but your historical average of 1.0 was way optimistic