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Dec 04 2002

Valuations…..Most Bear Markets End Around Median P/E Levels

  • Dec 4, 2002

Earnings are rebounding strongly. S&P operating earnings estimates are up 21% from 2001 to 2002, and up 23% from 2002 and 2003. Severe cost cutting may not be fully factored into analyst estimates. Look for upside earning surprise.

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