One's growing very quickly, and the other is selling at a low multiple.

Most have low multiples and, on average, yield 3.5 percent.

Why is Chrysler trading at such a low multiple of earnings?

Financial services funds, the leaders, generally own shares at a low multiple of price to earnings.

They carry low multiples compared with other consumer products industries.

The company is paying a relatively low multiple of about nine times cash flow, he noted.

They now trade at much lower multiples than their American counterparts, but he expects them to start closing the gap.

That implies slower economic growth and lower multiples for earnings in the stock market.

"I look for stocks trading at low multiples of cash flow," he said.

We need to see much lower multiples in big pharmaceutical stocks, for example.