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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (83492)10/28/2002 10:24:08 PM
From: Tom Pulley  Read Replies (1) | Respond to of 99985
 
Looks like valuations may have a long way down to go by that plot. I read recently Forbes columnist Ken Fisher says that there is actually no statistical correlation between PE and future stock performance. Its hard to believe but Fisher is a very bright guy and has been quite accurate in his market predictions in recent years. He went bullish in July so we'll see if he is right.

Tom


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