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Steven Pearlstein - Don't Reinflate the Old Bubbles - washingtonpost.com
Discovered on 2009-10-15 06:00:50 · http://www.washingtonpost.com/wp-dyn/content/artic
Analysts at Goldman Sachs suggested Tuesday that, despite a 50 percent run-up in stock prices that has left the Dow Jones industrial average just shy of 10,000 and the S&P 500 selling at 20 times earnings, stocks are still cheap. In fact, according to Goldman, stocks are so cheap that corporations...
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