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To: Alan Whirlwind who wrote (3820)	3/14/1999 1:34:00 PM
From: MrGreenJeans	Read Replies (1) \| Respond to of 15132

Trailing Price Earnings Ratio The P/E ratio on the S&P 500 went over 34 this past week Perhaps you or someone else can tell me why a trailing price earnings is relevant. I suggest to you that only forward earnings projected price earnings ratio are more relevant. What happens going forward on an ongoing basis is more relevant. If I were to examine a particular stock and they had new products being introduced into the market why would I care about a trailing p/e? I would only care about how their profits would change in the future. Why look back? Seems futile. Let us be concerned about what is going to be rather than what was... So why is a trailing p/e meaningful?

To: Alan Whirlwind who wrote (3820)	3/14/1999 1:58:00 PM
From: Les H	Read Replies (1) \| Respond to of 15132

With Hewlett-Packard restructuring its stock into two, there's the possibility for another stock to potentially replace it in the Dow. As longs as one places the right stock in the index, the index can go higher. The main indexes, such as S&P and Dow, are not representative of companies or the economy, but merely actively managed portfolios. The indexes are considerably different in composition than they were in the 60's and 70's. They had more declining smokestack industries in the indexes back then. Even some of the heavy manufacturing companies in the indexes are less susceptible since they've moved manufacturing overseas. There's also been a lot of mergers and acquisitions in the 80's and 90's, and the indexes are undergoing a lot of change.

To: Alan Whirlwind who wrote (3820)	3/14/1999 3:33:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

ALAN AND ALL: PER MY PREVIOUS POST, PLEASE NO CLINTON POSTS HERE AT ALL WHETHER PRO OR CON OR MARKET RELATED AND NO MATTER HOW WELL THOUGHT OUT. THIS SUBJECT IS NOW CONSIDERED OFF TOPIC. IT IS A TOPIC THAT GOES NOWHERE FAST. PLEASE TAKE IT TO ANOTHER THREAD.