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>> (However, that doesn't necessarily apply to asset classes or to growth-versus-value.) <<

Well, yeah. I can believe that -- and I was talking about asset classes (including growth/value distinctions), not so much stock market "sectors" in terms of the type of business. I'm not sure the airlines are going to "mean revert" back upward any time soon, nor did the buggy whip makers after 1900 or the vacuum-tube makers after 1970. :-)

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