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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (103918)5/22/2001 10:02:06 AM
From: SOROS  Read Replies (2) of 436258
 
Do some checking. I think most everyone would agree that at the peak in March 2000, the Nasdaq was overvalued? Guess what? The AVERAGE PE's are now HIGHER than in March 2000 on the Nasdaq! But I forget -- PE's mean nothing in this new economy, and "it's a different world." Greenspan is targeting the stock market, and anyone that can't see that is blind. He can stimulate a rally, but you can't live the "Clinton" philosophy without paying the price sooner or later.
I remain,

SOROS
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