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To: Jock Hutchinson who wrote (23600)2/2/2001 1:31:42 PM
From: sea_biscuit  Respond to of 25814
 
I have seen similar arguments elsewhere. Jeremy Siegel too feels that the stock-market rise in 1982-1997 merely compensated for the stagnation in 1966-1981.

Regarding your observation, I wonder what the PE ratios were in early 1971. The current PE ratios are said to be the highest in history, meaning that there has been some PE expansion over the 30-year period from 1971 to 2000.



To: Jock Hutchinson who wrote (23600)2/4/2001 3:43:25 PM
From: patrick tang  Read Replies (1) | Respond to of 25814
 
Word is finally out on who Dipy really is:

Andy "The Pariod Survives" Grove.

Sorry, just can't resist that one. Patrick


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