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To: Charles Hughes who wrote (20088)6/17/1998 3:20:00 PM
From: Reginald Middleton  Read Replies (1) | Respond to of 24154
 
The time period was for the 40 quarters ending 6/3/98, or the last ten years (when teh data was available). If anything, earnings would have a higher correlation in the shorter time frame, since it generally takes time to "uncook the books", and the volatility/white noise generated by the trading community has more effect.