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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (32637)10/28/1998 7:22:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
Actually you are right, if the SPX would return to the historic average of around 15 to 16 PE we will shave 1/3 of present valuation of the stock market, which is well over 1/3 of US GDP.

That is a quite chilling number, I think now the stock market is something like 125% of the US GDP.

BWDIK

Haim