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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

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Dec 11 4:00 PM EST

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To: Saulamanca who wrote (73511)	3/28/2001 11:09:42 PM
From: fozz	Read Replies (1) of 99985

<<<Some ways of looking at the market, however, suggest that it is on a par with the 1974 bottom. One yardstick is corporate earnings. When the Dow Jones industrials hit 577.60 in 1974, their price/earnings ratio was 5.8.>>> Yow! If we go to a 5.8 P/E on the DOW, we could end up with the DOW under 3000. Gulp. -ng-

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