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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Lindquist who wrote (1988)11/3/1997 2:34:00 PM
From: Investor2  Respond to of 42834
 
RE: "Their daily brief
states that the S&P 500 closed on Fri Oct 31 at a p/e of 22.6.
Yesterday, I specifically heard BB say that the S&P was at a multiple
of 19. I know that BB uses operating earnings and that Briefing was
probably using net earnings."

Bob was using estimated 1997 earnings. I'm guessing that the 22.6 P/E that you mentioned was based on actual earnings for the prior period.

Best wishes,

I2



To: Glenn Lindquist who wrote (1988)11/3/1997 6:23:00 PM
From: Boca_PETE  Respond to of 42834
 
Glenn:
The Standard & Poors publication "The Outlook" should be available in your local public library on a weekly basis with a few exeptions. Under the "Market Measures" section usually found on page 2, there appears a table showing the S&P Earnings. Today's issue reports the following earnings for the S&P 500 Composite Index:

Latest 12 months = $40.55
Estimated 1997 = $44.51
Estimated 1998 = $51.36 (Close to the figure BB referred to)

The table also shows the current P/E and 1997 high/Low range P/E and other information re various S&P indexes.

Good luck in your search.

P