| http://www.w3.org/ns/prov#value | - On the other hand, when stocks are a can not lose bet as they were in 1929 or the late 1990s, the p/e ratio might go to 18 or 20 or even higher.Because this enthusiasm, or lack thereof, plays out over long periods of time - perhaps a generation or more - it takes a long time for the secular p/e ratio to cycle from bottom to top and visa versa.This brings us to a series of graphs that indicate that
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