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To: ecrire who wrote (13484)11/19/2008 4:58:41 PM
From: wildandwonderful  Respond to of 50428
 
S&P earnings per share is most likely to fall to a level of $ 60 and if P/E =12 then S&P most likely to test 720. In a severe recession if the Autos dont get bailed out then P/E could fall to 10 then I think 600 is in the cards.We shall see.