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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: edward miller who wrote (15020)1/24/1998 6:30:00 PM
From: 16yearcycle  Respond to of 70976
 
The dow had a pe of under 10 in 1975 and some of 76, but the long bond was in some serious trouble, you might say.

Multiple periods in the 30's, and early 40's qualify, but earnings were inconsistent.

There is nothing occurring in the world today that justifies a pe of 10 on the dow.

Not that the market pauses to determine rational prices in a panic.