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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (439671)	8/7/2003 6:23:43 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 769670

Well, the other indexes S&P 500 has trailing reported earnings of about $30. So, if this were a long-term bottom, we would be at 300-360 or at the most 400. If the economy improves (helped by a nice dose of inflation) we will see earnings increase to 45-50 and the S&P trading at 450-600 sometime during the next 10 years. If the economy falters and earnings (real earnings, not the phony pro-forma numbers), we can see it bottom around 200-250. That's my outlook.