~Maru
Erik Reuter wrote:
Valuations look high. P/E ratio of the market is about 21 now. The long term historical average is about 16. Also, dividend payout ratio has historically been about 55% of earnings, but now it is only about 38% of earnings, and stock buybacks don't appear to be making up the difference.
-- Erik Reuter http://www.erikreuter.net/
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