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http://www.theglobeandmail.com/servlet/story/RTGAM.20090302.WBmarkets20090302141509/WBStory/WBmarkets"On the other hand, the S&P 500 could just keep falling until it reaches these historical troughs. At a P/E ratio of 8, the S&P 500 would have to fall to 460. At a P/E ratio of 5, you're looking at a mere 300."
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