exactly.........trying to give an impression that they tried...........another futile effort by imcompetent bush administration.
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What is going on in Asian markets?
- Thread starter MrDODGE
- Start date
exactly.........trying to give an impression that they tried...........another futile effort by imcompetent bush administration.
ym has been floating listlessly since 6
despite the european interbank lending guarantees
despite the european interbank lending guarantees
Quote from bwolinsky:
Don't see too much lower, to be honest. What? Another 10%? PE ratios are extremely cheap on almost every stock. Median next year PE for analysts I've never seen lower at 11. 11! Tell you, if we go another 30% I'd be backing up the truck. I think we've already overshot, significantly.
The problem with ANY forward PE ratio now is what really is the "E"? Today's "E" is moving down for most stocks even faster than their "P" last week. Yet we still look at the same "E" estimates from prior to last week in most cases.
For now PE doesn't matter much. Big companies with $Cash, little or no debt, ability to grow (even a little) without debt, positive growth history, and vital service or product even in hard times are my focus.
Quote from bwolinsky:
Don't see too much lower, to be honest. What? Another 10%? PE ratios are extremely cheap on almost every stock. Median next year PE for analysts I've never seen lower at 11. 11! Tell you, if we go another 30% I'd be backing up the truck. I think we've already overshot, significantly.
p/e ratios are a poor indicator of a pending bull or bear market. they can be sky high for years before a crash (like 97-2000). or they can stay very low (single digits) for years before the market surges.