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avg: 16.36 (1880 to now).
1930: 30+ 2000: 40+ 2008: 26 Now: around 20 2009 March when bottom: 12 1970 to 1980: around 10
Monitor this closely can avoid bubble market
the P/E is 18.5 when the economy is coming out of a recession. Mr.Siegel now is the trading at 14.5 times forecast 2010 profits. that imply anothe 20% stock market gain.
now company margin is 7%, historically is 6%.
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