Re: [CANSLIM] Cheap?

From: Lois <ldibbs@comcast.net>
Subject: Re: [CANSLIM] Cheap?
Date: Mon, 15 Jul 2002 08:34:24 -0500
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This response is from
index_services@standardandpoors.com

Dear Lois,

Thank you for contacting S&P Index Services.   The bottom up values
start with
the individual estimates on each of
the S&P 500, and then calculate the index values upwards.  The top down
is done
by our chief economist who makes
changes to the entire value based on economic data and projections.  We
hope
this information is helpful.

best regards,

zillagirl wrote:
> 
> lois-I dont understand the chart exactly-top down, bottom up.Can you point
> to the figure I should be looking at.  I'd like to email the columnist if
> his figures are that far off.  Thanks zilla
> ----- Original Message -----
> From: "Lois" <ldibbs@comcast.net>
> To: <canslim@lists.xmission.com>
> Sent: Sunday, July 14, 2002 5:33 PM
> Subject: Re: [CANSLIM] Cheap?
> 
> > zillagirl,
> >
> > http://www.spglobal.com/earnings.html
> >
> > Lois
> >
> >
> >
> >
> > zillagirl wrote:
> > >
> > > There is quite an extensive article in the L.A. Times today about the
> > > markets.  In there it states that " the average stock in the S & P 500
> is
> > > priced at about 19 times this years expected earnings per share, by many
> > > wall street estimates.  That is far above the historical average
> > > price -to -earnings ratio of about 14." I think I like these numbers a
> > > little better.  What's up-am I missing something here?
> > > ----- Original Message -----
> > > From: "Tom Worley" <stkguru@bellsouth.net>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Saturday, July 13, 2002 7:06 PM
> > > Subject: Re: [CANSLIM] Cheap?
> > >
> > > > I make no investment decisions, or even select stocks for watching, on
> the
> > > > basis of their history. The market, and stock prices, moves on
> > > expectations.
> > > > Those expectations are based on projected earnings, not what they did
> last
> > > > year, or five years ago.
> > > >
> > > > ----- Original Message -----
> > > > From: "Rocky Sanghvi" <rs@mylodestar.com>
> > > > To: <canslim@lists.xmission.com>
> > > > Sent: Saturday, July 13, 2002 9:41 PM
> > > > Subject: RE: [CANSLIM] Cheap?
> > > >
> > > >
> > > > Lois,
> > > >
> > > > This was one of the news items on the nasdaq.com website frontpage.
> If
> > > you
> > > > wish to see it you need to go to nasdaq.com and scan some of the older
> > > news
> > > > items.
> > > > This was was from the Dow Jones News Wire.
> > > >
> > > > Best Wishes
> > > > Rocky
> > > >
> > > > PS Tom - I am not sure why we shouldnt look at trailing earnings as a
> part
> > > > of your overall investment outlook.  Yes maybe not CANSLIM (which only
> > > looks
> > > > at future earnings) but if we are looking at charts and history we may
> as
> > > > well consider historical facts such as what the news item was
> referring
> > > to.
> > > >
> > > > -----Original Message-----
> > > > From: owner-canslim@lists.xmission.com
> > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois
> > > > Sent: Saturday, July 13, 2002 9:54 AM
> > > > To: canslim@lists.xmission.com
> > > > Subject: Re: [CANSLIM] Cheap?
> > > >
> > > >
> > > > Rocky,
> > > >
> > > > Would you be so kind as to post a link for the info below?
> > > >
> > > > TIA,
> > > > Lois
> > > >
> > > > Rocky Sanghvi wrote:
> > > > >
> > > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65
> > > > >
> > > > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard &
> Poor's
> > > > 500
> > > > > index at the close of trading Friday, July 12, was 37.31.
> > > > > Thursday, the ratio was 37.65.
> > > > >
> > > > > The lowest price/earnings ratio on the S&P 500 came in the second
> > > quarter
> > > > of
> > > > > 1949, when the reading slipped to 5.9. Over the last decade, the low
> was
> > > > > 15.77 in the first quarter of 1995.
> > > > >
> > > > > The price/earnings ratio, known as the multiple, is a measure of the
> > > > average
> > > > > stock price divided by the average earnings per share. The earnings
> data
> > > > is
> > > > > based on the trailing four quarters.
> > > > >
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