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To: Allen Benn who wrote (9380)3/27/2001 1:47:54 PM
From: Peter Church  Respond to of 10309
 
"the very existence of an equity premium implies P/E’s, if anything, are too low, now and in all of 2000."

I'm not sure I understand what you mean. Could you explain it again for the unwashed? What is an equity premium? Are you saying that stocks shouldn't go down (as in Bear markets)?

Thanks---Peter