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Good point Keithcho, but wouldn't considering these new exchanges make the graph look even worse? I assume the respective market caps would be additive.
Jan 13 08:10 am
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All Comments by Royal Scot »Reversion to the Mean for Equities [View article]
A troubling thought to me is the make-up of the GDP, which today is composed of much more intangible components (ie prominince financial of service sector) than it was in previous recessions.