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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Henry Volquardsen who wrote (991)10/30/1999 5:57:00 PM
From: Bobby Yellin   of 2794
 
thanks Henry..
a friend ( who is much wiser and more knowledgeable than I(deadly combination)) and I have been having an ongoing debate re current evaluation of market
how should one view the market's current high PES now compare to the the PES in the past when one takes into consideration lower interest rates,no dividends, and buybacks and insiders issuing options?
(part of the argument stems from my belief that the economy or rather consumer spending to a large part is fueled by capital gains rather than wages..)
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