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Zeev Hed

10/19/02 12:34 PM

#36714 RE: marvin1946 #36712

Not ready, and traditionally, (g), I do that once a year in late December. The everyone can see the turnips' erring ways (like the 300 Naz points gauge variant readjustment down that was carried out late in the Nassacre, due to the April and May bump missing drastically their earlier targets and for the nassacre failing to end in time with multiple GNT).

Zeev

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Ace Hanlon

10/19/02 7:10 PM

#36753 RE: marvin1946 #36712

P/E ratios are not that useful in calling troughs since earnings usually are very depressed near the bottom. However looking at things like price/sales ratios, dividend yields, and price/book value ratios -- valuations at the October bottom still were far above previous major bear lows. So I do expect lower lows. But we may not see them until mid-2003.