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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: mojave who wrote (773)9/6/1998 8:52:00 PM
From: Wren  Read Replies (1) | Respond to of 15132
 
A caller asked Bob if he agreed with Abbey that Dow 9300 would be reached again in 1998. He said no, but that if the low interest, low inflation environment continued, he believed in 1999 the S&P 500 would return to a 23 P/E, which would be about 1210, and the DOW would be at 9500. He said that the S&P P/Es of the past months would not likely return.

NOTE: The S&P P/E was 30.01 on July 17, when the index was 1186 and the DOW P/E was 23.6 and 9,338.


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