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Re: ajtj99 post# 120627

Wednesday, 06/18/2003 9:36:08 AM

Wednesday, June 18, 2003 9:36:08 AM

Post# of 704048
I'm not as certain either way as you seem to be.

Another factor in the bottom P/E is just how much people's mindset changes from return on capital to preservation of capital. If people are more concerned about the latter, equity-heavy 401Ks will be much more difficult to sell.

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