bubble

Brad De Long delong at econ.Berkeley.EDU
Thu Mar 9 13:33:36 PST 2000



>Brad De Long wrote:
>
>>NASDAQ has closed over 5000... The trailing p/e of the NASDAQ index is 388.83
>
>That is truly breathtaking.
>
>You're an economic historian, Brad; is there any precedent for this?
>
>Doug

I hesitate to say "never before"... but to my knowledge not since the days of the South Sea bubble...



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