[OPE-L:5403] Re: Re: Re: the bursting bubble and the U.S. working class

From: Steve Keen (s.keen@uws.edu.au)
Date: Tue Apr 24 2001 - 01:02:30 EDT

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I'm also curious as to how Allin's results were arrived at.

How do you reconcile them with the fact that price to earnings ratios have 
reached historic highs during the last 2 years?:

DJIA P/E ratio: 22.7; earnings $466.06 - dividend yield < 1.7%
S&P 500 P/E ratio: 24.5; earnings $50.81 - dividend yield < 1.3%
(data for April 23 2001 from fiendbear.com)

Cheers,
Steve

At 06:26 AM 4/24/01 Tuesday, you wrote:
>ope-l@galaxy.csuchico.edu

Dr. Steve Keen
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