Monday, July 22, 2002

And another from the same site. Remember the book prediciting the Dow should be at 36,000 not 10,000? Aside from confusing earnings with dividends (whoops!) it got to that figure by assuming that equties were no more risky than bonds (whoops!) and so future expected earnings needed to be no higher. Anyway, it didn't quite work out like that.

posted by Matthew @ 7/22/2002 09:59:00 AM Comments: 0