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To: GROUND ZERO™ who wrote (857)1/12/2001 8:04:32 AM
From: Moominoid  Read Replies (1) | Respond to of 12411
 
One day the NAS will be at 6500... but I don't know when. Maybe in eight years at 12.5% per year. Of course if risk premia have really fallen and the CAPM is true (big if) then future rates of returns on stocks will be lower than that.

What makes you as Bullish as that?

David