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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ginko who wrote (29011)4/25/2000 1:59:00 PM
From: pater tenebrarum  Respond to of 42523
 
basically, yes. anyway, if the NAZ were to ONLY fall back to the historically uppermost boundary of it's pre-bubble p/e range, it would have to decline by approximately 75-80% from here. it would then still be about 50% overvalued compared to it's historical norms. of course that's not relevant to the bubble participants. they only look at how far we have fallen from the highs and think 'gosh, it's cheap now'.


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