Well the results of my survey wondering whether stock prices would regress to historic means....I believe the historic P/E of the S&P 500 averages out somewhere around 16. According to Barra's, at the end of March the S&P 500 had a P/E of 22.85. In our new information age, I would think the market will for the most part trade higher than it historically has. Regardless of all that, anytime I've tried to play market forecaster I've been burned. My plan is to just keep plodding along, not try to out guess the market. I'm betting 20 years from now the market will be substantially higher than it is now.Gup
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