Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (78170)	3/12/2001 9:58:46 AM
From: pater tenebrarum	Respond to of 436258

the Loomis Sayles dude is making a common mistake: he takes the experience of the '82-2000 supercycle bull as being the 'normal' course of events. it isn't. stock market returns over that time period were extraordinary, and excessive. they are NOT the yardstick by which to measure future cause-effect relationships in the market. on the contrary, when the SnP trades at 25 times trailing earnings, history suggests a decade of severe underperformance lies ahead. irrespective of fiscal policy.