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From: jwp@uwmacc.UUCP (Jeffrey W Percival)
Newsgroups: net.invest
Subject: Stock market is NOT a present value machine
Message-ID: <2023@uwmacc.UUCP>
Date: Wed, 12-Mar-86 15:12:01 EST
Article-I.D.: uwmacc.2023
Posted: Wed Mar 12 15:12:01 1986
Date-Received: Sat, 15-Mar-86 20:46:29 EST
Distribution: net
Organization: UWisconsin-Madison Academic Comp Center
Lines: 7

Someone mentioned that the stock market is just a present value machine.
This can't be totally true, because then every stock with a given P/E
ratio would sell at exactly the same price, right?  A quick glance
at the stock listings shows this not to be the case.  Comments?

-- 
	Jeff Percival ...!uwvax!uwmacc!jwp