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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: NickSE who wrote (31758)4/8/1999 6:48:00 PM
From: Broken_Clock  Read Replies (2) of 86076
 
"On Thursday, April 8, 1999,
the P/E ratio on the S&P 500 moved up 0.45 to end at a new all-time closing high
of 35.64, according to Dow Jones News. By almost any measure, including the ratios of
price to book, total market capitalization to GDP, and dividend yield to bond yield, the last
time any equity market was so overvalued was in London in 1720. Some London 1720 benchmarks
have already been overtaken in recent weeks, leaving the 1637 Holland tulipmania
as the only historic extreme not yet exceeded."
goldminingoutlook.com
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