7:02 AM
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P/Es Could Easily Increase
Forbes: And talking about P/E being at 13, you say you can make a case it should be 18, 19.
Siegel: It would not be surprising on the basis of historical data, yes.
Forbes: So that would mean another 400, 500 points on the S&P.
Siegel: Yes, it would. It would. And I’m not saying it’s going to come today or tomorrow. I’m just saying that if it gets up there.
Forbes: The clouds are parting in the sky.
