Forum Archive Index - July 2002

["winner69 ." <wwinner69@hotmail.com>]

Diverse opinions from Derek and Stephen. Only time will tell who is right 
about the future gold price.

However you have to think that there is more grief to come in the US which 
will no doubt have an adverse impact on the Australia and NZ markets.

According to the S&P website the S&P500 had a p/e (based on 'reported eps' 
whatever they are) of 40.07 at the end of June. Divident yield was under 2%

Since June 28th the S&P500 fell 13% to a recent low and over the last few 
days has recovered by a little over 6%.

So in spite of all these ups and downs with a decline over July of 7% the 
S&P500 still trades on a p/e of more than 37.

Not much of a change


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