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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (14768)	6/25/2000 11:41:00 AM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

Found on the MDD thread; from the Center for Economic and Policy Research "Double Bubble: The Implications of the Over-Valuation of the Stock Market and the Dollar In short, there is no plausible scenario in which the stock market can provide anything close to its historic returns, given its current price to earnings ratio, and plausible projections of future growth. There is only one way for the stock market to restore the historic relationship between stock returns and the returns on other financial assets: there must be a plunge in stock prices. " cepr.net Ciao, David Todtman