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World markets  |  September 28, 2012 20:50:57

The shares are cheaper than most of the last thirty years

One of the paradoxes of the stock price increases to new multi-year highs in recent weeks is that this is happening while reducing the estimated profitability of firms. But while the P / E (ratio of share price and earnings per share) for the previous year increased by about 30%, it is still lower than for most of the last 20 years. Centrally-time bank is here - stock prices are rising, although the company and analysts give cautious outlooks.

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