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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (30426)	1/12/2000 11:34:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Excellent book so far, I have my opinions but I think everyone should read it for one reason, to know the macro- economic and corporate profit background due to which DOW is at 11500 and not 3500. The potential to go higher from here exists undoubtedly but to know the relationship between profit growth and multiplication or compounding of valuations makes the case of ?higher markets? easier to comprehend. If you go back to the very beginning of this thread, I have always highlighted the bulls case based on non-inflationary growth environment and have tried my level best to differentiate between asset inflation of Japan and US, this book helped me what I have read so far to see some more light and good argument. Thanks once again.