last weeks edition of huntleys said that DOW stocks are on low...

last weeks edition of huntleys said that DOW stocks are on low P/E's. they didnt give an exact number of what the PE is but gave their view that the market should remain strong well into 2007.

it is interesting to note that the S&P is still well off its record high's, as is the nasdaq yet the DOW keeps powering ahead. given the fact that indicies such as the S&P and nasdaq are not powering ahead clearly indicates to me that a bubble is not forming. only very high quality stocks are in strong uptrends, plenty of speculators are still losing money.