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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1891)	11/6/2003 9:20:21 AM
From: orkrious	Respond to of 110194

I'd still be using at least 10% discounts. that's probably reasonable, but I am also in the richard russell school about higher PoG. he thinks stocks go lower than the most ardent pessimist believes and that PoG goes higher than the greatest goldbug believes, and that the Dow/PoG ratio will be close to parity at 3000 sometime before the end of the decade. so use a little higher discount rate and much higher PoG in future years and you get a much higher stock price. I've made a decision that's not for everyone. I'm accumulating PM's and not trading them. There will be a day when the stocks take of and don't let you back in at a lower price. I've got a lot, CAU just happens to be my biggest junior position.