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Pastimes : Ask Mohan about the Market
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To: Mike M2 who wrote (10764)12/10/1997 4:29:00 PM
From: Tommaso  Read Replies (1) of 18056
 
I think there is a strong likelihood we will see a Dow at 4000. When it was at about 6500 Templeton mentioned a 40% bear market. No one --including me-- believed him back in the early 1980s when he talked about a 3000 Dow in the 1990s. It seemed utterly impossible. If earnings decline and P/Es go to 10, it could be even lower than 4000. Neither of these possibilities is particularly absurd (except to certain bulls who, I expect, will now come piling in hurling abusive language).
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