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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (2271)	2/25/1998 9:40:00 AM
From: Arik T.G.	Read Replies (1) of 5676

BB, Scary stuff, falls in line with the main theme of this thread. They predict Millennium Bug panic to start on 2Q 98 and reach a climax in mid 99. It all converges to a Nostradamus like scenario with global implications not smaller then the big depression, which I believe was caused by the '27-'29 bubble being burst, and which led to WWII. If earnings start dropping (partly resulting from the first 25-30% drop in the main indices) and are forecasted to decrease in the future, what is a rational P/E for the S&P? 10? 8? That's around 1/3 to 1/4 current valuations. ATG

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