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

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To: junnie who wrote (90723)4/5/2001 10:06:06 PM
From: Shack   of 436258
 
Junnie, the problem is that prices get so high that it takes increasingly more money coming in to support these prices. The leaky balloon analogy applies here. Prices are simply too high to support, given the level of mufu inflows.

Now we are getting a new trend of OUTFLOWS. Throw on a stagnant economy, more unemployment and continuing deteriorating fundamentals and you can guess that this trend will likely continue. At the end of this bear cycle, we may see multiples somewhat higher than the average has been but don't expect 25 times p/e's to be the norm.
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