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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (24668)	1/16/2003 9:05:14 PM
From: Rich1	Read Replies (1) \| Respond to of 30712

hmnn..maybe inverted...you could right..then again so could Carpino guess we will see...

To: Jeffrey S. Lillie who wrote (24668)	1/16/2003 9:07:20 PM
From: DebtBomb	Respond to of 30712

The Foresight saga, continued Shares have had their worst year for decades. Interest rates are close to record lows. Where should you invest? What is Felicity's hot tip for 2003? Naturally, she is not saying. However, she has hinted that she is ignoring the advice of most American analysts, who reckon, on average, that the S&P 500 will gain 20% by the end of 2003. After all, share prices are still far from cheap. In previous bear markets equities have always undershot before staging a full recovery; this time valuations have remained well above their long-term average. The price/earnings (p/e) ratio for the S&P 500 using historic reported profits is currently around 30, compared with a 50-year average of 16 and lows of ten or less in previous bear markets. Even if forecast profits are used to estimate earnings, the p/e ratio still looks high. economist.com