Doom and gloom, page-2

"I see one prediction for the all-ords on HC of 800 which assuming company earnings were static would give an average PE of less than 5. I don't think so!"


As you have stated, your key assumption is static earnings... is that a fair assumption in a period of deflation??

Try earnings at less than 50% of current levels within 3/4 years thanks to our long absent friend; Mr DEFLATION.