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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: jjetstream who wrote (74888)3/2/2001 7:48:52 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
this is something that Fleck always points out: it doesn't make sense to compare today's valuations to the ludicrous prices that were reached at the bubble's peak. that's completely immaterial. what counts is whether today's prices can be justified by the underlying business fundamentals or not.
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