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To: ild who wrote (233710)4/4/2003 10:33:18 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<the tripling of the P/E ratio was what the whole bull market in stocks was about. It certainly wasn’t about real earnings growth, merely a revaluation of earnings.>>

Actually, Winston Churchill's description of the "traditions" of the British Navy most aptly describe the mania in stocks. It was about "rum, sodomy...and the Lash!"<G/NG>



To: ild who wrote (233710)4/5/2003 3:00:15 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
ild, So, after 8 years of capitalism under a liberal democrat, we're now going to have 8 years of socialism under a conservative republican? I am soooooo confused. <g> Truth is, he makes a little sense. But just a little. The Federal Balance Sheet is not that unlevered any more.



To: ild who wrote (233710)4/7/2003 11:36:45 AM
From: ild  Read Replies (2) | Respond to of 436258
 
Global: A Pessimist's Lament

Stephen Roach (New York)

morganstanley.com


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