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Non-Tech : Kirk's Market Thoughts
COHR 212.18-1.7%Jan 30 9:30 AM EST

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To: Kirk © who wrote (5)8/25/2006 12:50:45 PM
From: Moominoid  Read Replies (2) of 27223
 
I think P/Es will only go to the 1980s level if interest rates get to that level. For that you need inflation way above the current level... don't think this is going to happen any time soon. Or a total crash like the Great Depression. Ditto. I believe the current period is going to be like the late 1930s and 1940s - stocks gradually moving up but without the P/E expansion of the 1982-2000 bull market. This is based on an assessment of where we are in the Kondratieff Cycle.
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