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Though I do not believe this to be the case, maybe we are being too self
centered in saying US stocks are over valued and should consider the
global stock market valuations which have certainly suffered when you
factor in the Asian collapses. It is entirely possible (and I do not
know how one would measure it) that with emerging markets included,
maybe globally speaking, equities are not so overvalued.
Any thoughts?
Steve Poser
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