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

To: ild who wrote (20140)	10/17/2004 10:05:39 PM
From: ild	Respond to of 110194

If Humans Only Had One Hand, 7 Would Be 12 We rarely realize how much our perception of the world depends on the way we choose to measure things, and the objects that we put at the center. In my view, earnings are simply the wrong unit to place at the center of the analysis. By John P. Hussman, Ph.D. hussmanfunds.com

To: ild who wrote (20140)	10/17/2004 10:20:11 PM
From: Condor	Read Replies (1) \| Respond to of 110194

Although in case of a market turmoil gold miners will also suffer from multiple compression. The market may well assign P/E of 4 to your favorite companies. Physical gold or gold futures may do better. Ahhhh! there's the crunch. They may or they may not. Perhaps at $ 2000 gold and a collapsing global economy a P/E of 300:1 is acceptible. It's not without precedent vis a vis.. the tech bubble. Holding both would be logical ...diversify.......eh wot? Cheers C