* maru dubshinki ([EMAIL PROTECTED]) wrote: > Why the gloomy outlook? Not optimistic about security?
Valuations look high. P/E ratio of the market is about 21 now. The long term historical average is about 16. Also, dividend payout ratio has historically been about 55% of earnings, but now it is only about 38% of earnings, and stock buybacks don't appear to be making up the difference. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
