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Strategies & Market Trends : Waiting for the big Kahuna
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To: Joseph G. who wrote (31225)10/10/1998 9:37:00 PM
From: Moominoid  Read Replies (2) of 94695
 
1700?

I don't know. What do you call significant.

If we multiply 675*9= 6075

which would then be fair value equivalent to 50 in 1932. assuming a constant profit share and a constant share of the Dow stocks in total profits. We get 1200 if there is a crash of the scale from 380 to 50 as in 1929 off of 9300.

But how on earth do you get 400?

David
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