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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (4137)6/1/2001 9:40:51 PM
From: Davy Crockett  Respond to of 74559
 
me too... but I can't 'plain like u can
FWIW

Peter



To: pater tenebrarum who wrote (4137)6/1/2001 11:51:18 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 74559
 
Heinz:

Th easiest way for people to get over the notion that a new bull has begun is to look at the ratio of stock market valuation to GDP. I do have the precise numbers in front of me, but even at the trough --this still was higher than at any previous TOP before the mania began.



To: pater tenebrarum who wrote (4137)6/2/2001 12:56:44 AM
From: Ilaine  Read Replies (2) | Respond to of 74559
 
The price of gold was fixed at $35 in 1934. If you compare the hourly wage of the average US worker in 1934 and now, the purchasing power of the price of gold has declined. Not to mention its decline over the last 20 years, and even the past year.