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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (113994)7/23/2001 12:56:41 PM
From: Dr. Jeff  Read Replies (1) of 436258
 
How about this part from that moron:

<<<What about today's lofty multiples? Do
they not dampen the bull case in the
near term? The answer is "no" for the
simple reason that there is no
fundamental change on the inflation front
that points to a long run deterioration in
the value of financial assets -
particularly equities. ...............

...................clip.....................

.......History also supports the case for higher multiples during times of low and steady inflation. The
1960's, for example, routinely saw multiples in the upper teens and low twenties before the 1970's
arrived and ushered in an era of massive inflation, stubborn recessions, as well as political and social unrest. >>>>
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