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We think India is headed to P/E multiples of between 25 and 35 times in the next nine months’ time. China trades at 40-45 times earnings and that market does not look like selling off. So there is no reason why India should be considered overvalued at 17-18-19 times wherever it is.
I fail to understand the logic behind these statements. Do you?
Q: So subprime is now just a bad cut of steak on your plate, nothing else?
A: This is inelegant but the sub prime was just a pimple on the butt.
This has got to be the most dangerous statement of 2007!
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