There is a historical reason.

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With a current PE of 13, some investors reason that stocks are inexpensive compared to a historical average of 18.

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The lecture, entitled Faith, Reason and the University: Memories and Reflections, explored the historical and philosophical differences between Islam and Christianity, and the relationship between violence and faith.

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Mr Collins, from Manchester-based law firm Pannone, said the reason more people had not gone to the police about Savile was because of how wide the Jersey historical abuse inquiry was.

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Part of the reason that the VIX is "low" can be attributed to the fact that the 20-day historical volatility on the SPX is relatively low, currently at 19.1.

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