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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: bill meehan who wrote (53782)7/29/1999 7:04:00 PM
From: John Pitera  Read Replies (2) of 86076
 
"Listen to James Glassman, a former financial columnist at the Washington
Post, who tells us in his soon-to-be-published book, Dow
36,000, that even after 17 years of a bull market, stocks remain severely
undervalued. He predicts that equities will triple or even quadruple during
the next few years until they hit a price/earnings ratio that he considers
reasonable. That P/E: about 100."

"From Fortune"
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