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To: GVTucker who wrote (174150)4/17/2003 11:09:48 AM
From: chomolungma  Read Replies (1) | Respond to of 186894
 
GV,

There is no correlation between the interest rate level and future returns

Which is not at all what I was saying.

There is a relationship between inflation, interest rates and P/E ratios. The coming decade will be one of low inflation and to expect P/Es below 10 or even 15 is, IMO, unrealistic.


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