Posted by Bob on July 29, 1999 at 07:17:46:
This is a followup to the post by David Pedersen. Without benefit of the original Barron's article, there appears to be a transposition error in the figures somewhere. You might visit the Dismal Scientist Stock Market Valuation Calculator (the link is in our Selected Links section under the letter "D"), and also visit our Bull & Bear section where you can find a link to view a graph of apparent over- or under- pricing of the DJIA by the market.
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