Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (549)	11/8/1998 11:44:00 PM
From: kahunabear	Respond to of 4690

jhg_in_kc, For me , it is all about valuations. Stocks in general are just too expensive for me. I am all for the growth and prosperity of the country and the world. I would just like to see stock prices reflect that growth more accurately as they have in the past and I feel will again in the future. It is not that I see the glass half empty, its that I think most things are best in moderation. I think this market is drunk with exuberance and is dangerous. BTW, I don't know where you got your information about S&P 500 PE's but everything I have seen tells me it is way off base. First, here is a link I accessed through Standard and Poors that shows the P/E at 28.19. advisorinsight.com Next here is a link that shows a chart of PEs over time being much lower: fame.org I would suggest you reading the entire article if you are interested in another perspective. The Price/Book information is interesting especially since companies don't pay dividends like they used to. You would think they are building value in their company, but I don't think these figures don't show it. Finally, here is an excellent link to a post by Michael Burke that does a good job of expressing how I feel and saves me a lot of time in responding: Message 6335615 Thanks for the effort you put into responding. If you would like me to come up with more of a point by point response it may take me a while. Good Luck, WS