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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (1325)8/28/1998 10:08:00 AM
From: Joseph G.  Read Replies (2) | Respond to of 3339
 
Not true - E was low because of recession and because IBM had a -$12/share loss. P was not excessively high.

In a recession E is low, or even negative. P/E appears high, or even negative. Does not mean P is high, E is low.



To: Paul Shread who wrote (1325)8/28/1998 12:56:00 PM
From: bobby beara  Read Replies (1) | Respond to of 3339
 
Show me a yahoo or amazon in 93!

Investors could take the money they piled into amazon and probably build 100 low margin booksellers on the internet.

92-93 was not preceded by a 3 year 250% growth in the SPX.

bb


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