Look at the long-term Dow Jones P/Es. By the time the crash of 29 was over the Dow average P/E was down to about 8.
At the moment the Dow average PE is still up around 25.
Conclusion...this Bear has a hell of a long way to run befor it stops
dow headed for 5000 levels, page-5
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Last
$4.91 |
Change
0.000(0.00%) |
Mkt cap ! $3.297B | |||
| Open | High | Low | Value | Volume |
| $4.90 | $5.00 | $4.83 | $6.379M | 1.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13582 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.92 | 1423 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| DOW (ASX) Chart |