Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (18989)	5/15/2002 5:15:38 PM
From: Maurice Winn	Read Replies (1) of 74559

Jay, I'm a bit disingenuous with my 'kiwi hiding in a burrow from the 400 kg Gorilla and Black Belt in jujitsu tag team'. Like you, I go touring the world, under their radar, hunter-gathering, then retreating to my burrow. I can do a lot of it from the safety of cyberspace without leaving home. It's great fun. Meanwhile, here's one reason why P:E of 30 is fair enough. Well, maybe 30 is not the right level, but here is why P:E of 10 is NOT as certain as the laws of physics and the Gravitational Constant. [Switch rant filter on] Message 17473328 Another leg of the argument that the Dow level being based on P:E = 10 is as archaic as Aztecs is the relationship of gold to money. Rant to come. Watch this cyber space. Mqurice

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