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Steven Poser wrote:
> If you use 8% growth, prices stayed above that line almost all the
> way from 1932 until 1974, then stayed below it from 1970 until
> 1995. ... Based on that idea, and given demographics, etc, I
> would not expect the market to be ready to spend any quality time
> below that line.
Hell, I'm plenty worried about it coming anywhere NEAR the line, let
alone going below it. Am I correct in my wet-finger estimate that
the 8% line is somewhere around 3500?
Gary
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