Black Beauty: A thoroughbred quadruped?

tempus - thanks for your post - very interesting.

The Banking sector would appear to be on an average pe ratio of 12, if Lloyds come in at 41p this year then we could be looking at a price of 492p. Cant see too much mileage short term after that. A solid investment for 2004.

An Analysis on Bloomberg said that the US stocks were overvalued, but that the DOW would still rise in the first six months of 2004, but would fall thereafter, finishing 2004 under current levels. He also thought that the FTSE would rise up to July 2004, and finish the year higher than now. He recommended Next and Mann Group, personally I have stayed away from these in the past, but who knows.

One thing I can see is a firm start to 2004.

Another thing that has puzzled me last year was the rise in smaller stocks, which did not appear to be on much lower pe ratios or on fundamentals, like Warthog and samedaybooks, seem to be on increased turnover and a hot air basis.
guru11