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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wren who wrote (779)9/7/1998 12:02:00 AM
From: Investor2  Read Replies (1) of 15132
 
RE: "A caller asked Bob if he agreed with Abbey that Dow 9300 would be reached again in 1998. He said no, but that if the low interest, low inflation environment continued, he believed in 1999 the S&P 500 would return to a 23 P/E, which would be about 1210, and the DOW would be at 9500. He said that the S&P P/Es of the past months would not likely return."

Thanks for the notes on the show, since I was not able to listen to either the Saturday or Sunday show. Regarding the above remarks, isn't this position a little different from Bob's previous belief? I thought he was expecting record highs by the winter season.

What is the S&P P/E now?

Regarding the S&P returning to a P/E of 23 at a level of 1210, I suppose this means that Bob is projecting a 1999 S&P 500 earnings of $52.60.

Best wishes,

I2
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