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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (106185)6/4/2001 5:42:09 AM
From: craig crawford  Read Replies (1) of 436258
 
>> Grantham defines bubbles as bull markets that run to extremes, at least two standard deviations over the long-term trend. He then states that not one of these bubbles, not a single one, has failed to give back every cent of its gains. <<

hah! the nasdaq was 4 standard deviations above it's 200 dma. no market had ever been above 3.
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