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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST
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To: donald sew who wrote (14889)5/25/1999 4:18:00 PM
From: Robert Rose  Read Replies (2) of 99985
 
<As I have stated many times before I
am expecting the S&P to trade back in the 15-20 P/E range within 5 years, and I do
not when the exact top will occur. >

I understand that is the historical range, but isn't this the 'new economy?' I hate to use an overhacked phrase, but the internet does seem to me to be transforming our economy in a fundamental way that only a few other technologies have yet to do in human history. On that basis, an historic pe range may not be very relevant.

Of course, I know we have all debated this point ad nauseum. Nevertheless, I remain a bull following these summer doldrums (which given this week is a pretty kind term LOL).

It is times like these that you traders do much better than b&h'ers like me. Congrats.
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