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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: John Graybill who wrote (70446)2/22/2001 3:34:48 PM
From: chic_hearne  Read Replies (1) of 436258
 
But according to historic P/E ratios calculated by researchers at the Nasdaq Stock Market and tracked by Ned Davis Research, the Nasdaq Composite in the late 1980s and early 1990s never traded above 50 times trailing earnings. Its average P/E ratio since the end of 1985, in fact, is about 51. If the index were to fall back to that level, its value would fall below 1000 -- to between 800 and 900.

from wsj.com

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What amazes me is when the Naz was over 5000, everything was properly valued. Now when it's off 60% they are trying to say it could be cut in half again after looking at some historical prices. Is this what passes as quality reporting? Can I get paid to spit out mundane facts like this a year to late?
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