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To: pater tenebrarum who wrote (48947)	12/19/2000 6:16:21 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 436258

yeah, I knew it was rhetorical, but it was a floater -g- Grantham did a study for a DOW 3600 scenario in 10 years, with assumptions just slightly below the historical averages: 12.6 PE, 5.2% profit margin, and 1.6% sales growth (actual sales growth over the past decade has been 1%). The like figures at the 1982 low were 8 PE, 3.5% profit, and 1% sales growth. Anything's possible. Life is full of surprises!