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To: LindyBill who wrote (27454)4/19/1999 2:12:00 PM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
If stocks crash and burn, chances are that U.S. interest rates will be lower, allowing some flexibility in rationalizing (what a few years ago would have been regarded as) high PE ratios.

Jon.