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E Thomas St. » Comments » SPX

  • More on Roubini and Shiller's Dour Outlook [View article]
    Except the causes of this recession are not pedestrian like the early 90s one was. It is not an excess of production and stagnating inventories that caused this, it was a debt bubble popping and popping hard.

    And long term investor should hope for a deeper recession.

    On Mar 12 09:54 PM Yamaka wrote:

    > I believe the Stock Market will settle around 825 for SP500 in a
    > few weeks because the 52 week earnings in the last 12 months is $55
    > (Bryini, as reported by WSJ).
    >
    > For the year end, it will hit 1125, as the expected earnings for
    > the next 12 months is $75. A P/E of 15 is the long term average.
    > If this happens, then this is just yet another pedestrian recession,
    > which happens once in 6-8 years. Long term investors need not worry!
    Mar 12 22:34 pm |Rating: +4 0 |Link to Comment
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