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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (43251)	10/11/2005 1:09:22 PM
From: Elroy Jetson	Read Replies (1) of 110194

Just a few years prior to the oil bubble, the "Nifty Fifty" were selling at 70 to 120 times earnings. Some of the names in the Nifty Fifty I recall were: Eastman Kodak; Poloroid; Coca-Cola; Disney; International Flavors & Fragrances; IBM; Avon; and Xerox. Of course those "nifty" valuations extended past those fifty, to thousands of less known names. You've never lived unless you've paid 90 times earnings for Eastman Kodak and 115 times earnings for Hollywood Park. History doesn't repeat itself, but it likes to rhyme. investorwords.com Nifty Fifty: Term given to fifty blue chip stocks which were so popular prior to the bear market of 1973-1974 that their prices were temporarily driven up to ridiculous levels. . . "Temporary" being 1964 to 1973. .

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