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Path: utzoo!watmath!clyde!cbosgd!ihnp4!inuxc!pur-ee!uiucdcs!convex!wilson
From: wilson@convex.UUCP
Newsgroups: net.invest
Subject: Re: Why are things they way they are??
Message-ID: <36500008@convex>
Date: Tue, 18-Feb-86 02:24:00 EST
Article-I.D.: convex.36500008
Posted: Tue Feb 18 02:24:00 1986
Date-Received: Thu, 20-Feb-86 07:34:17 EST
References: <123@tetra.UUCP>
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Nf-ID: #R:tetra.UUCP:123:convex:36500008:000:379
Nf-From: convex.UUCP!wilson    Feb 18 01:24:00 1986


The current high market indices have been attributed to the poor market
witnessed over the last ten or so years in the sense that many of the 
major stocks have been grossly undervalued for quite some time in terms
of their book values and earnings potentials. The stock prices which seem
so high to some are deemed reasonable by others who say that such a climb
was inevitable.