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Politics : Ask Michael Burke

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To: accountclosed who wrote (78978)	4/4/2000 10:49:00 PM
From: Knighty Tin	Read Replies (2) of 132070

Fire Ant, The Dow has a fair value of about 3200, and might see 1700 in a typical bear market recession. The Nasdaq has a fair value of about 900 and may see 600 or so in a bear recession. I don't have an S&P model cranked up at this time. We have to remember. Fair value has to be based on real earnings and real futures. If reality ever hits, the shock may be great enough to take stocks way below fair value.

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