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

To: Cary Salsberg who wrote (6370)	10/21/2002 11:23:21 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95525

Here you go Cary. Some historical information: gold-eagle.com Snip Following are statistics for the S&P seen at three post-World War Two bear market bottoms-and these were true bear market bottoms. 1949--The S&P sold at 5.4 times earnings while yielding (dividends) 7.6% 1974--The S&P sold at 7.5 times earnings while yielding 5.1% 1980--The S&P sold at 6.8 times earnings while yielding 5.7% "So you can see that if this bear market ends with values that are anything like the values we've seen at the three most recent bear market bottoms, we've got a long way to go on the downside. "To refresh your memories, the S&P now sells at 37 times earnings while yielding 1.7%--er, quite a ways from classic bear market bottom valuations." I can't vouch for the accuracy of this information but I believe it was accurate at the time it was printed. RtS