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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (30541)10/23/2000 5:17:18 PM
From: Real Man  Read Replies (1) of 436258
 
Well... This sort of measures how much REAL money (GDP) is out there to pump imaginary wealth (aka stock market) in percentage terms. So, 175% was not US market cap at a maximum. This is now. Wow! By comparison, this ratio was 70% in 1929 at the peak, and 130% in Japan in 1989... Sort of shows that this market has no room to expand. But so I thought in 1997, 1998, 1999, and earlier this year -ggg-
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