Doug Henwood wrote: > Hmm, well last I checked, which was year-end 1999, the S&P 500 was at > 2.9 times its long-term trend price (long-term defined as since > 1871). So just going back to the trendline would take the index down > by 2/3, to a Dow-equivalent of 3735. And, as any student of Robert > Shiller knows, trend overshoots on the high end are usually followed > by trend overshoots on the low end, Dow 2000 isn't an unlikely > target. That's why you're calling it LongWave2000, right? > But the other day you wrote that 'the worst is over', no? Mark
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- Re: BLS Daily Report M A Jones
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- plateaus Doug Henwood
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