Thread: Are we fucked?
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Old 07-21-2002, 08:56 PM  
Wizzo
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The average P/E is still a bit high, we will likely see dow7500, maybe even 7000, but that's about it.

There's a number of factors besides P/E that account for the market's grow or decline. Interest and Inflation being just two of them which both are well in check. In fact, those two factors are more important in today's non-gold standard economy than any other time in history.

We will be launching a full on attack on Iraq fairly soon and a good foriegn war always helps boosts a economy.

And hopefully, alot of these idiodic "75k a year mutual fund managing morons" will go back to doing the books for their local Burgerking, instead of making really bad choices with billions of dollars. And Intitutional Investing will return to the boring stable force it was until about 5 years ago, when any moron with a BS could become a fund manager!
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