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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: Crimson Ghost who wrote (41367)2/25/2000 5:11:00 PM
From: sandeep  Read Replies (3) of 99985
 
I doubt that GDP is being calculated correctly. It is difficult to accurately calculate GDP due to the shift to a service economy. The value of the US worker has gone up tremendously since the periods you mention. The productivity gains are huge. Also, the world is a much better place than 1929 and 1987. The risks are less, so there is nothing wrong with a higher valuation than 1929 and 1987.

Compared to 2 years ago, the DOW is MUCH cheaper today.
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