dow is near lifetime high
It has taken over 5 years for EPS growth to take the P/E closer to reversion to the mean. It looks like the financial engineering of Alan Greenspan might have worked, to prevent a major collapse (so far).
Dow not far from lifetime high 21/04/2006 07:35:39 AM
The Dow industrials ended at the highest level in six years as encouraging quarterly reports from companies such as General Motors increased optimism about earnings.
Tech shares slid and the Nasdaq fell after eBay gave a disappointing revenue forecast.
The Dow is not far from its lifetime high of 11,750.28, which it hit on January 14, 2000. The Nasdaq and the Standard & Poor's 500 Index hit five-year intraday highs.
The Dow Jones industrial average was up 64.12 points at 11,342.89. The Standard & Poor's 500 Index was up 1.53 points at 1311.46. But the Nasdaq Composite Index was down 8.33 points at 2362.55.
DOW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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