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To: Bill Harmond who wrote (144436)7/29/2002 3:32:20 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Or, put another way, the market is telling you that future earnings are likely to be 40% less than "expected". Expected earnings? What is the quality of the estimates -- very low by all accounts.



To: Bill Harmond who wrote (144436)7/29/2002 6:56:51 PM
From: craig crawford  Respond to of 164684
 
only a dummy would believe anything 'the fed' says.