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.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (6012)	10/9/2002 6:04:46 PM
From: Mark Adams	Read Replies (3) \| Respond to of 95519

If that is your pessimistic thought for the day, you picked a good one. ROFL. How 'bout a counter point? About a week ago, WSJ did a bear/bull face off. The bear said that S&P earnings, adjusted for options and pension expenses looked to be a mere $39. Ok, a bit of math then. 775/39-> PE of 19.9 1/19.9 -> an earnings yield of 5%. 5%-3.6% 10yr Treas Yld -> 1.4% equity risk premium. Things might get worse going forward, but using the bears numbers things actually don't look all that bad in the S&P index valuation. IMO. And I hate indexing. Distorts the market, distorts peoples view of what is going on in the market.