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Hello Steve,
I guess the final low will happen this or next year and will be 2-3
times below current levels. Rationalization - current p/e (15-22
depending on how you measure it) 2-3 times greater than those happened
in the end of great bear markets in the past and market dynamics is
similar to 1929-1932 (i.e. it shouldn't take so much as 8 years, 4 is
enough :-) - imho).
Best regards,
Alex mailto:alex_bell@xxxxxxx
Wednesday, January 22, 2003, 9:14:17 PM, you wrote:
SM> The final low of this secular bear market will be around the year 2008.
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