Readers Talk Back
TheStreet.com publishes selected emails received by the publication and its staff members. To send an email intended for publication in this section, write to letters@thestreet.com and include your full name and city. Letters may be edited for length, style, clarity and accuracy.
Re: Valuation Is in the Eye of the Stockholder
What Recession?
Aaron Task's story on stock valuations was great work, but he never considered some serious points:
1) We're NOT in a recession, so the P/E of the Dow cannot be properly compared to periods of recession (all the dates in the articles). If anything, many of the Dow components are experiencing the best of all worlds and PEAK earnings (C, HD, GM, etc, etc). And are the tech companies in a recession, or are they just adjusting to a more NORMAL, post Y2K environment? ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet