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To: SGJ who wrote (237044)4/22/2003 5:39:45 PM
From: Gut Trader  Respond to of 436258
 
Earnings are dust in the wind

music.walmart.com



To: SGJ who wrote (237044)4/22/2003 6:13:00 PM
From: benwood  Read Replies (1) | Respond to of 436258
 
Kurt Richebächer : "Measured as a share of GDP, profits today are at their lowest level in the whole post-war period."

prudentbear.com

What will it take, some 100% profit growth to bring the S&P 500 P/E down to the level all pre-2000 peaks? Say 15% across the board for 6 years running to reach the level of the 1929 mania peak? Yeah, baby! Bring it on!

p.s. ignore the fiscal crises of the States behind the curtain...