Re: [CANSLIM] P/E Ratios

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] P/E Ratios
Date: Wed, 24 Jul 2002 08:59:02 -0500
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Seems there are as many points of view on PE ratios as there are fish in =
the ocean. Here's a nice article in today's IBD

http://www.investors.com/editorial/feature.asp?v=3D7/24

Katherine
  ----- Original Message -----=20
  From: Rocky Sanghvi=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, July 24, 2002 8:42 AM
  Subject: RE: [CANSLIM] P/E Ratios


  According to Bob Prechter and crew at www.elliottwave.com, corporate
  earnings followed the stock market higher following the 1932 stock =
market
  bottom. But in 1942 and 1949 investors were so glum that the P/E ratio =
fell
  below the 1932 level. This happened again in 1980, when the P/E ratio =
was
  lower than at the stock market bottom in 1974. Things are different =
today.
  The P/E ratio is actually above its level at the higher stock market =
top.


  -----Original Message-----
  From: owner-canslim@lists.xmission.com
  [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
  Sent: Wednesday, July 24, 2002 9:38 AM
  To: CANSLIM
  Subject: [CANSLIM] How embarrassing - postal inspectors arresting for
  securities fraud


  how low can they fall?

  NEW YORK (Reuters) - Two members of the founding family of troubled =
cable
  operator Adelphia Communications Corp. were arrested by U.S. postal
  inspectors for conspiracy to commit securities fraud, CNBC reported on
  Wednesday.

  Tom Worley
  stkguru@bellsouth.net
  AIM: TexWorley



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<DIV>Seems there are as many points of view on PE ratios as there are =
fish in=20
the ocean. Here's a nice article in today's IBD</DIV>
<DIV>&nbsp;</DIV>
<DIV><A=20
href=3D"http://www.investors.com/editorial/feature.asp?v=3D7/24">http://w=
ww.investors.com/editorial/feature.asp?v=3D7/24</A></DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Drs@mylodestar.com href=3D"mailto:rs@mylodestar.com">Rocky =
Sanghvi</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 24, 2002 =
8:42=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] P/E =
Ratios</DIV>
  <DIV><BR></DIV>According to Bob Prechter and crew at <A=20
  href=3D"http://www.elliottwave.com">www.elliottwave.com</A>,=20
  corporate<BR>earnings followed the stock market higher following the =
1932=20
  stock market<BR>bottom. But in 1942 and 1949 investors were so glum =
that the=20
  P/E ratio fell<BR>below the 1932 level. This happened again in 1980, =
when the=20
  P/E ratio was<BR>lower than at the stock market bottom in 1974. Things =
are=20
  different today.<BR>The P/E ratio is actually above its level at the =
higher=20
  stock market top.<BR><BR><BR>-----Original Message-----<BR>From: <A=20
  =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>[mailto:owner-canslim@lists.xmission.com]On=20
  Behalf Of Tom Worley<BR>Sent: Wednesday, July 24, 2002 9:38 AM<BR>To:=20
  CANSLIM<BR>Subject: [CANSLIM] How embarrassing - postal inspectors =
arresting=20
  for<BR>securities fraud<BR><BR><BR>how low can they fall?<BR><BR>NEW =
YORK=20
  (Reuters) - Two members of the founding family of troubled =
cable<BR>operator=20
  Adelphia Communications Corp. were arrested by U.S. =
postal<BR>inspectors for=20
  conspiracy to commit securities fraud, CNBC reported=20
  on<BR>Wednesday.<BR><BR>Tom Worley<BR><A=20
  =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
  TexWorley<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe, email=20
  "<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
  the email body, write "subscribe canslim" or<BR>-"unsubscribe =
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