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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (117900)3/4/2009 12:32:16 AM
From: Skeeter Bug1 Recommendation  Read Replies (1) of 132070
 
>>PE ratios were never as important at the fact that the E in the ratio was fake.<<

actually, that made PE ratios even more important since they were reported lower than they actually were.

because you believed these ultra high PE ratios (factoring in the fake, inflated Es), you concluded the market was headed down as PEs would regress toward more historical norms.

kind of like glenn beck on housing? ;-)
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