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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: gbh who wrote (55842)4/13/1999 4:17:00 PM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Gary, IMO Dow 4000 highly unlikely is a bit too optimistic. For now investors are willing to grant poor quality earning record high PEs while earnings have been in decline for 5 Quarters. Dow 4500 would still have the market as highly valued as the peak of 1929. mike comstockfunds.com