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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: augieboo post# 129392

Saturday, 07/12/2003 4:12:48 PM

Saturday, July 12, 2003 4:12:48 PM

Post# of 704041
Augie, to really be meaningful, these graph should have competing "safe returns", namely treasuries (I would take the 10 years and divide 100 by the nominal interest rate to get a value comparable to the P/E of treasuries and plot them with PE and prices for S&P...that might tell you that current PR may not be so outrageous after all.

AZH

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