DOW 36,00 from J. O'Connor

Barbara Laurence cns at cats.ucsc.edu
Tue Mar 30 11:25:16 PST 1999


Doug, am I crazy or is Glassman and Hasset's calculations based on earnings only, not capital gains from stock sales? If you assume that everyone will stay in the market no matter what, and that more people will enter as more join the labor force, then it would seem that they're right? or, again, am I crazy? Jim O'Connor



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