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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (15297)	7/19/2002 11:03:28 PM
From: pvz	Read Replies (2) \| Respond to of 23153

Gottfried, thanks for the link. It was exactly what I was looking for. I have calculated it myself going back to 1987, but don't have the data before then. If you're going to rant, I'll add my own. You mention that interest rates affect the PE allowed. Well, people who talk about the historical mean of 15, NEVER put this statement into the context of prevailing interest rates. You're right that trailing is easier and therefore probably the one used. I can see some use in using trailing earnings within one sector, but applied to an entire market, I'm convinced it's meaningless, particularly when there are big earnings fluctuations between the periods. pvz