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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1617)	5/20/2003 9:36:10 PM
From: Canuck Dave	Respond to of 4905

It wasn't always like that. 20 years ago, stocks were so out of favour you had to sport a P/E of 7 and a dividend rate of about the same to induce anyone to buy your stock. Risk meant something. Before the Fed, under the gold standard, things cost the same year after year. You could find a dollar you'd misplaced for 10 years, and it would still buy the same things. THAT one I have trouble visualizing. No one alive can remember a stable money system any more. They don't last long. CD