Charting price-earnings ratios (p/e) using one-year trailing earnings,
it's easy to see that these ratios [S&P 500, p/e >> 25] are above any
time in history, excluding the 1999 - 2000 bubble, including the 1929.
More pain than gain.
-s.
This archive was generated by hypermail 2b30 : Sat May 11 2002 - 17:44:17 MDT