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I must have missed the 6/12 report, but from the graph it looks like the NH PE was around 1.9 that of the S&P.

In 12/12, the NH PE was 1.94 that of the S&P.

In 6/13, the NH PE was 1.83 that of the S&P.

in 12/13, the NH PE was back up to 2.13 that of the S&P.
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