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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: kvkkc1 who wrote (59903)	6/21/2002 2:44:31 PM
From: rkral	Read Replies (1) \| Respond to of 77400

OT ... The s&p p/e is a bogus statistic to use. IMO, it depends on what you are comparing the S&P PE to. If comparing to the PE of an individual stock, I agree it's not a very useful comparison. Now larry wasn't explicit about what he was comparing the PE to .. so I am giving him the benefit of the doubt .. by believing he was comparing today's S&P PE to the S&P PE at another time. Such a comparison is useful and perfectly legitimate .. especially if one is fairly sure the positions in the economic cycle are equivalent. JMHO. Ron :-)