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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (82379)9/22/2003 3:18:44 PM
From: skinowski  Read Replies (1) of 209892
 
Shack, I am not trying to be a pain in the butt (that comes to me naturally) - but an argument that bear markets never end with very high PE's is probably valid. Why? Because this is merely an empirical observation over time. On the other hand, a claim that PE's actually DRIVE markets, be it up or down, is plain FA drivel.

Cheers!
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