Replies to post #106924 on Zeev's Turnips Patch-No Politics (ZEEV)

[punkle]

So these are not "apples to apples" PEs and the October PE was really much higher than 15 on the DOW if you compared it to the way PEs were calculated back in 1982. Sure there have always been games but PEs in this market are still in the stratosphere.

Whoever posted the Proforma, GAAP, and CORE PE chart a couple of days ago I bet would have PEs far higher than 15 in October of 2002. Please post again if possible.

Thanks.

[mlsoft]

Zeev...

I agree -- bogus accounting tricks are rampant, and will remain so at least until the bear market is over. The last thing the government wants now is real numbers being reported while things are so bad - even the government is doing it.

mlsoft

[Captain_Jack]

Ahhh-- yes, GAAP gives one a slight idea of what is happening. For my swings the GAAP P/E has less weight than P/S as sales are more difficult to fudge. Neither carry the weight of steady/rising divs as there has to be real profit to pay the div. None of the above carry much weight at all on daytrades,,, just go with the flow.