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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 (35017)12/7/1998 4:01:00 PM
From: Terry Whitman  Read Replies (3) | Respond to of 94695
 
Using NDX the CBOE index on 100 largest OTC stocks:

Current P/E = 84.08

Dividend Yield = 0.07%

Historical Returns:
1 Yr = 55.8%
2 Yr. = 101.6%
5 Yr. = 320.0%

Can it get much more optimistic than this?
I believe the Nikkei peaked at about P/E of 80 back in 1990.

Another sign of the times: The front page of the business section of today's Indianapolis Star had a story called "Starting them Young", about a 6 yr. old and an 8 yr. old who were putting their extra pennies into mutual funds. If they've got the grade school crowd into the market, who's left?

Regards,
TW

TW