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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Boplicity who wrote (18270)11/20/2000 9:48:03 PM
From: pinhi  Read Replies (1) of 65232
 
It could happen. Lots of Wall Street layoffs after the '87 crash. NYC real estate also crashed. IPOs dried up. Heck, for years the rule of thumb was never buy an IPO-they always go down. Far different from what we've had the last few years. I remember in '88 or there abouts, the PE for the S&P 500 was 13 and a Dean Witter analyst suggested that the PE might expand to 15 or even 16-wow, we thought that was unbelievable.

Pinhi

Pinhi
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