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Strategies & Market Trends : Waiting for the big Kahuna
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To: Real Man who wrote (56016)10/30/2001 12:25:32 PM
From: stan_hughes  Read Replies (2) of 94695
 
True, but Yardeni's current earnings estimate divisor is way too high. Do the math with a more realistic SPX EPS forecast in the low $40s and see what you get when it comes to valuations.

As for gold, if we see large scale deflation, gold will not be much of a hiding place either.
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