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Well, yeah Mikey, but my question was - When do stocks have value for you? *What is your measuring stick?
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Whole books and good ones are written on this topic. If you are seriously interested, any of Robert Shiller's books are good.(I think his newest book is about things other than stock markets) Valuing Wall Street, by Andrew Smithers and Stephen Wright is another good choice. I just checked my shelf- Irrational Exuberance is probably the one you want if you prefer Shiller.
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Beef tenderloin always has had value for me! 
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See, I am too poor for beef tenderloin. I do buy porterhouse, and bone out the tenderloin. $8.99 a pound instead of $14.99, and I like the strip that is left too. 
Mikey
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Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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