Tuesday, May 01, 2007

ValueLine Index, Median of Estimated P/E Ratios / Jeff Saut

compare this to the "cheap market" spin that we hear day in and day out....... and keep in mind that this calculation is based on future eps expectations and not the current.......so the trailing pe ratios would be even higher....

vergleicht das mit den täglichen meldungen wie billig die märkte sind......bedenkt bitte zusätzlich das dieser chart auf den schätzungen der zukünftigen gewinnerwartungen basiert...auf grundlage der aktuellen eps wäre das kgv verhältnis noch höher......


Value Line Index:
An equal-weighted stock index containing 1,700 companies from the NYSE, American Stock Exchange, Nasdaq, and over-the-counter market.


The “all skate” environment has lifted valuations back to where they almost were at their peak as can be seen in the attendant chart of the ValueLine’s median P/E ratio (the ValueLine Index is likely the BEST proxy for the average stock).

größer/bigger http://tinyurl.com/2vusrm
This does not, however, mean stocks cannot travel higher, for as Lord Keynes noted, “The (stock) market can stay irrational longer than you can stay solvent!”

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