Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.25

+0.9%

Nov 28 9:30 AM EST

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To: Justa Werkenstiff who wrote (20956)	6/28/1998 4:45:00 PM
From: 16yearcycle	Read Replies (2) of 70976

Agree with both of your posts, but I think that a further multiple expansion is possible, if Asia heals, and rates stay low. Money flows will stay huge in this scenario, leading to pe's of 30. Dow earnings could grow to 1000+ in about 10 years, which is about 8% yearly growth. There are many reasons to be very optimistic in the short run(10 years) When the multiple contracts back to the norm of 15 with declining earnings, or single digits as in previous panics, the national pain will be immense. If you know it has to come, and you take a glancing blow instead of a direct hit, you can have your pick of the greatest companies on earth, because they will be given away.

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