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Except that over time the market doesn't grow at any rough constant.
For instance the local market for about 80 years to 1974 was growing at around 4.5%.
Since 1974 it is more like 9%.
What will it be tomorrow?
Could revert to the long term 4.5% or any number you can think of.
monday trading, page-131
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| XJO (ASX) Chart |