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Gold/Mining/Energy : Gold Price Monitor
GDXJ 92.99+2.9%Nov 7 4:00 PM EST
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To: Terry Rose who wrote (3765)12/3/1997 2:14:00 AM
From: PaulM  Read Replies (1) of 116753
 
But will the DOW will reverse its 190 point rally in response?

I wonder whether any analyst in the U.S. can coherently explain what the DOW is doing at 8000. With less than spectacular earnings overall in the 3rd Q, profit warnings already for the fourth, Japan, dividend yields at lowest level ever, and price to book and PE ratios at historic highs.

Perhaps the "new math"--in large part responsible for the recent rise of multinationals--will soon be the rage.
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