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To: wlheatmoon who wrote (19206)2/11/1999 10:02:00 PM
From: Bonnie Bear  Respond to of 86076
 
here's the lowest it can go:
brillig.com
dow= national debt * 1000 for at least 25 years.....!?! maybe a lot longer...you can tell how overvalued or undervalued the dow is by comparing it to the national debt..the market gets overvalued when the feds need more money to pay the deficit.
I kinda got a warm fuzzy feeling when I discovered how well this backtests..I'm going to try it against real estate....I think there's a simple conversion factor to get the median value of residential real estate located around S&P 100 headquarters (NJ, CT, SJ)