[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


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

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