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To: George Dawson who wrote (17820)12/30/1999 10:15:00 AM
From: Greg h2o  Respond to of 42804
 
george, re:<<The +4 S.D. and PEs speak for themselves.>>
you'd think so, wouldn't you? but they really don't, as accounting is so vastly different in Japan from US standards. if they used cash flow, you'd have a pure apples to apples measurement.



To: George Dawson who wrote (17820)12/30/1999 1:05:00 PM
From: C E D  Read Replies (1) | Respond to of 42804
 
Unfortunately they did not show the scale and it is conceivable that two different scales were used. I don't have access to the real Nikkei figures at the time, but the curves they showed were remarkably similar. The +4 S.D. and PEs speak for themselves.

If I recall right, over a year into the Japanese decline the average P/E on the Nikkei was still over 40. And the prime rate was 1/2 a %.

Regards,

CED