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To: 69ConvertibleFirebird; freeper12; nemo; warchild9
Long-term, above-average returns will return to trend.

Same goes for below-average returns.

23 posted on 04/25/2003 9:11:28 AM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: hripka
Yes, according to Merriam-Webster you are correct in your definition of "average."

 
Main Entry: 1av·er·age
Pronunciation: 'a-v(&-)rij
Function: noun
Etymology: from earlier average proportionally distributed charge for damage at sea, modification of Middle French avarie damage to ship or cargo, from Old Italian avaria, from Arabic 'awArIyah damaged merchandise
Date: 1732
1 a : a single value (as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values b : MEAN 1b
2 a : an estimation of or approximation to an arithmetic mean b : a level (as of intelligence) typical of a group, class, or series <above the average>
3 : a ratio expressing the average performance especially of an athletic team or an athlete computed according to the number of opportunities for successful performance
- on average or on the average : taking the typical example of the group under consideration <prices have increased on average by five percent>
synonyms AVERAGE, MEAN, MEDIAN, NORM mean something that represents a middle point. AVERAGE is exactly or approximately the quotient obtained by dividing the sum total of a set of figures by the number of figures <scored an average of 85 on tests>. MEAN may be the simple average or it may represent value midway between two extremes <a high of 70° and a low of 50° give a mean of 60°>. MEDIAN applies to the value that represents the point at which there are as many instances above as there are below <average of a group of persons earning 3, 4, 5, 8, and 10 dollars a day is 6 dollars, whereas the median is 5 dollars>. NORM means the computed or estimated average of performance of a significantly large group, class, or grade <scores about the norm for 5th grade arithmetic>.
29 posted on 04/25/2003 11:12:51 AM PDT by 69ConvertibleFirebird (Never argue with an idiot. They drag you down to their level, then beat you with experience.)
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To: hripka
>>Long-term, above-average returns will return to trend.

EXACTLY...and since prices have been rising at way above average, they will at some point need to drastically underperform in order to trend towards the historical norm.

Everytime, without exception, the great masses of people believe they have found they next easiest way to get rich easy and they jump on the bandwagon...you know the party is just about over...
33 posted on 04/25/2003 12:53:48 PM PDT by freeper12 (Republican president, senate and house...where are the spending cuts???)
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