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Technology Stocks : Semi Equipment Analysis
SOXX 296.20-0.6%Dec 16 4:00 PM EST
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To: paul_philp who wrote (4809)8/9/2002 9:45:12 AM
From: Cary Salsberg  Read Replies (1) of 95587
 
If 100% of GDP were the output of public companies, then a stock market valuation of 100% of GDP would reflect a PSR of 1, a very conservative valuation.

My point is that, anecdotally, it seems that the % of GDP provided by publicly trading companies is increasing. Mom-and-pop stores have been replaced and "family farms" have be replaced.
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