Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] Cheap?
Date: Mon, 15 Jul 2002 13:19:37 -0500
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For over a year, some of my foreign friends have been exiting this market. The snowball is rolling down the hill now and I doubt if it will end until we get below 7,000 or worse on the Dow. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rocky Sanghvi Sent: Monday, July 15, 2002 11:24 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Cheap? Looks like S&P broke the neckline convincingly today. I was thinking there might be a counter trend rally but I guess not. The foreigners are really getting squeezed. Not only are their investments being hammered but the dollar is dropping in value. Double whammy! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois Sent: Monday, July 15, 2002 9:34 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Cheap? 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. > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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