Oct

19

From page M49 of this week's Barron's:

The median price/earnings ratio of the 30 Dow stocks using 2011 consensus estimates is 12.3; using 2012 estimates it's 10.8.

NOT A SINGLE STOCK in the Dow 30 has a p/e greater than 20, whether using 2011 or 2012 estimates.

Meanwhile the 10-year is yielding 2.18%.


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