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Non-Tech : Bill Wexler's Trading Cabana

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To: JSB who wrote (2877)10/1/2007 6:19:07 PM
From: Bill Wexler  Read Replies (1) of 6370
 
I don't think this is a 2000 situation. U.S. stocks are not in a bubble, in fact, if you look at the indexes in terms of Euros or ounces of gold (i.e. inflation adjusted) they haven't done very well - and you also don't have a lot of $20 billion cap. companies with no earnings like you did back then. P/Es are actually pretty tame.

I do think this is more of a reaction to way too many housing bears, way too many dollar bears, and way too much worry and apocalyptic thinking.
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