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

To: Ted Shelton who wrote (2375)11/30/1998 5:14:00 PM
From: Wren  Read Replies (2) | Respond to of 3339
 
The DOW was selling at an average P/E of 25.1 on Friday and the S&P500 at an average of 31.29. According to Message 6600567 the Fed models show the market is back in overvalued territory.

Perhaps Greenspan thinks that a selloff is in order.



To: Ted Shelton who wrote (2375)12/2/1998 9:30:00 AM
From: Moominoid  Read Replies (1) | Respond to of 3339
 
Today 2 Dec Reserve Bank of Australia cut rates by .25% to 4.75%. Same day the GDP figures were released - 5% year on year growth. Stock-market went up. Deja vu vis a vis the US.

David


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