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To: Oeconomicus who wrote (130135)8/15/2001 11:15:52 PM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
>> It was only about 9 years, but yes, they did loathe them <<

the dow crossed 1000 for the first time in 1966 right? 1982 is 16 years later, and i was being generous! there was bigtime inflation in the 70's and after accounting for inflation stocks were in the toilet for more than two decades!

>> What you forget is that lots of money was made in stocks between 1974 and 1982 <<

bahh. i don't believe it. i don't think much money was made in real terms adjusted for inflation.

>> Forget what this generation's nifty-fifty is doing. Forget their PEs. Forget the market multiples. Stop obsessing over whether other people still hope for Nasdaq 10,000. Just look for good, growing businesses at good values <<

hah! good growing businesses are tough to find in a depression! we're not done going down yet, get back to me in a few years and we'll see how easy it was to pick great stocks. furthermore, valuations have been so high for so long that people think some stocks are "good values", because recent experience saw triple digit pe's. i consider cheap to be a PE of 5-10, not 20-40!!