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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Hank Stamper who wrote (7293)7/30/1999 11:07:00 AM
From: Lars  Read Replies (1) of 15132
 
David,

>>>
To me the description of the current condition is: tight money has arrived, there are signs of signs of inflation, and distribution is taking place in the markets.

May we live in interesting times.
>>>
Ohhh, are we living in interesting times. I don't know the exact P/E as of today on the S&P 500 but we could get a 25% correction and still have the P/E in the 21-22 range. Dow 8,000 anyone?
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