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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tae Spam Kim who wrote (39943)5/13/1999 12:49:00 PM
From: Bull RidaH  Read Replies (2) of 94695
 
Tae,

When in history will we have had 4% long bond yields.... 15-20% profit growth.... inflation at 1% or less.... and the amount of liquidity provided by baby boomers saving for retirement? If you take away one or more of these factors, a 40 P/E may not happen. But with all of them present, it's inevitable. How did Japan go to a P/E of 70?

David
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