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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 (64579)6/26/2006 12:08:32 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Global: Venting Global Tensions
Stephen S. Roach (from Shanghai)

China: Rate Hikes Ahead
Andy Xie (Hong Kong)

morganstanley.com



To: ild who wrote (64579)6/26/2006 2:01:19 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
neither earnings, nor the fundamental news of the day have any meaningful correlation to stock market returns

sorry, but that is totally WRONG. the DOW is up by more than 100-fold since the 1930s; PEs are up two or three-fold. the rest--the 20x to 50x expansion in price--is directly attributable to earnings growth.

in the long run, earnings are the main thing that matters.