Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (4590)	7/22/2002 4:21:56 PM
From: loantech	Read Replies (2) \| Respond to of 39344

Claude I gotta vote for you over our friend Bob on this one. Of course we don't know where PE's are because the books have been cooked on so many s&p and dow stocks. We know if they are at let's say 25 average now they should only be at let's say 15 with real books so we have a long ways to fall. And consumers are not that scared yet. I know I am in the credit business. BTW the amount of credit going out the door is incredible. Nobody remembers what their parents said "pay cash".

To: Claude Cormier who wrote (4590)	7/22/2002 7:22:48 PM
From: russet	Respond to of 39344

Wayne Deans of Deans Knight Capital Management (portfolio manager) commented on ROBtv at about 7:14pm,....that the last time the S&P fell 45%+ (like the last few years) was in 1973,...the trailing P/E for the S&P (GAAP I assume) at the end of that bear market was 10x,...the trailing P/E measured the same way (I assume it is being measured the same way as he implied it by discussing both as comparable) is 31x as of today's drop. We can all now make our own interesting ASSumptions (ggggggggg)