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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (377926)	11/16/2008 6:21:37 PM
From: stan_hughes	4 Recommendations Read Replies (1) \| Respond to of 436258

Okay, let's go with an easy one to start with, a P/E of 10 $41.58 X 10 = SPX 415.80, give or take -- but that's only another 50% or so drop from here -- no biggie, right? If you prefer using some historic bear market low valuations instead, let's go with a P/E of say, 8, which approximates the era from 1917 through 1921, or 1948 through 1952, or 1978 through 1981 $41.58 x 8 = SPX 332.64 -- wouldn't that be a bitchin' haircut from the recent top at 1550ish Maybe that's too gloomy for people to contemplate. Then again OTOH, maybe things will get even ooglier and make that $41.58 look rosy -- anything can happen now that the big bust is in progress