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Re: John Jet post# 287096

Saturday, 08/21/2004 9:49:42 AM

Saturday, August 21, 2004 9:49:42 AM

Post# of 704041
Not a bad philosophy, as for valuation differences, these are not really that much different, at the time (August 1982) stock were competing with safe 30 years treasuries yielding between 13% to 16%, thus the then PE of 6/7 would be equivalent to today's pe of 15/18 on the S&P.

AZH

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