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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST
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To: 16yearcycle who wrote (15002)1/24/1998 5:16:00 PM
From: edward miller  Read Replies (1) of 70976
 
I don't often post here, just read, but I think you should
realize that if a bear market comes you need to look at a PE
on the Dow dropping to 10 based on prior bear markets.

That represents real downside risk. I don't look for something
that bad in today's economic environment but thought you were
being to narrow in scoping possible downside.
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