MELT-UP or MELT-DOWN: Cast your Vote Message Board

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Pastimes : MELT-UP or MELT-DOWN: Cast your Vote

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To: J.T. who wrote (193)	4/28/2002 12:55:55 PM
From: Sir Auric Goldfinger	Read Replies (1) of 361

Unch'ed Whilst earnings will recover and be a lot more real than they have been in eons, p/e mulitples will be compressed as "investors" wake up & say: gee I thought I knew what was going on in the stock market, but after 3 years of losing money, getting my arse kicked and all these accounting & analysts scandals, I really do know bumkin & so i shall slowly (in aggregate) sell on any rally. Thus, having gotten in at the top, the fish will sell at the bottom. Buffett is correct as ever, we are likely to have a very logn run of 7% per anum returns...

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