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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (28795)	9/24/1998 6:16:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

>>But there are many many stocks with trailing p/es that even if they don't grow an ounce should be bargains a scan for stocks with P/Es lower than 20, you'll find a ton of them. I can show you plenty with P/Es of 10..and you would have to take another 50% off their earnings to say they are not good buys.<< Market cap, Jim. What are their market cap compared to the overall market -- especially the big ones? This is key. Crashes usually don't discriminate much. Also, many of their earnings will be cut in half again or are in the process of being cut in half -- what's going to cause them to grow? In a bear market bottom, it is not unusual to find very high PE stocks. It is rational to pay for expected earnings growth.