The perils of p/e.

The article offers information on price/earning (p/e) ratios. P/e ratios are high priced stocks that are assumed to be popular. It is believed that the more popular the stock, the more likely that it will increase. This belief reportedly gives basis for holders of popular stocks to sell at a higher price later. Head of First Boston Corp. research Robert M, Baylis believes that such popular stocks take a longer time to recoup investment compared to the average ones.