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11-02-2002

Well I don't know if the stock market is going up or down, it is impossible to predict.

But I do not that the stock market is extremely overpriced. As of the close on Friday, The Price/Earnings of the S&P 500 is a gigantic 48.75! That means you pay $48.75 for each dollar of earnings.

This number is from Standard & Poor's. They calculated the S&P 500 earnings for the 12 months ending June 2002 as $18.48 per share. Since the price on Friday was 900.96 the PE=900.96/18.48 = 48.75

Check out this article in businessweek:http://www.businessweek.com/bwdaily/...21024_6328.htm

It seems that most American companies are STILL trying to fool the investing public by overstating their earnings.

11-02-2002	#10
cameraman Guest Posts: n/a	Well I don't know if the stock market is going up or down, it is impossible to predict. But I do not that the stock market is extremely overpriced. As of the close on Friday, The Price/Earnings of the S&P 500 is a gigantic 48.75! That means you pay $48.75 for each dollar of earnings. This number is from Standard & Poor's. They calculated the S&P 500 earnings for the 12 months ending June 2002 as $18.48 per share. Since the price on Friday was 900.96 the PE=900.96/18.48 = 48.75 Check out this article in businessweek:http://www.businessweek.com/bwdaily/...21024_6328.htm It seems that most American companies are STILL trying to fool the investing public by overstating their earnings.