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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (109557)	9/30/2002 7:29:17 AM
From: ChrisJP	Respond to of 150070

Sometime soon, that $78 billion (or more!) is going to have to come out of their earnings. And with stocks selling for about 31 times those earnings, that means the market caps could get hit for 31 times $78 billion, or close to at least $2.4 trillion. But it will probably turn out to be much worse. Ummmmm .... how did this dude get from $78 billion to $2.4 trillion by simply multiplying the amount by the PE of 31 (which is really more like 18 at the moment). I'm not questioning the pension fund problem. Its definitely out there, but $2.4 trillion ? That's a lot of pension checks, lol. Chris