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IPFS News Link • Economy - Economics USA

Financial Reckoning Night

08-21-2006 • by Bill Bonner

Currently, in the NYSE jungle, investors reckon a stock is worth about 17 times what the company behind it earns in an average year. There is no cosmic law that decrees that a stock is worth that much...or even half that much. Nor, is there any God i

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Reported By Ernest Hancock

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