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Hello Wong,
I don't know off hand. What PE the average PE ratio in 1982?
According to DecisionPoint.com the SP 500 was undervalued relative to
its historical average from 74 thru 89 with a brief hiatus in 87 that
was unceremoniously corrected. So it would seem Gross's general
premise would have been true in 82 and late 1989. Not bad timing.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Saturday, September 7, 2002, 4:14:08 AM, you wrote:
W> Hi All:
W> How good was Bill Gross's prediction during the great bull market of the
W> 1990's?
W> Was he right on target (i.e., predicting the bull market) or was he wrong
W> in maintaining that the market was overvalued therfore missing the whole
W> bull move?
W> Regards,
W> Wong
W> ==========
>>> > -----Original Message-----
>>> > From: John Cappello [mailto:jvc689@xxxxxxx]
>>> > The forward below is a profile of Bill Gross thoughts. Why would
>>> > anyone expect anything different from this Bond guy?
>>> Here's Bill Gross's full commentary on PIMCO:
>>> concludes:
>>> If you've got even half of your marbles left, I'll bet you your number is
>>> nowhere near today's level of 8,500.... Despite being down nearly 50%
>>> from its highs, this market remains overweight.... and that means DOW
W> 5,000.
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