You can see that I'm saying about fifteen-- fifteen times earnings is typical, but we're in a high price-to-earnings scenario now.
你可以看出我提到的15这个数字,收益的15倍是最有代表性的,但我们现在正处于一个高市盈率的时期
And in the--from 1989 to 2006 there was a pretty significant decline, but even in 1989 the numbers weren't very high.
我们看到,从1989到,2006年有个很明显的下降,但是即使是在1989年这个数字也不高
And that is why this is such a high number.
为什么会有这么高的数字。
This is a pretty alarming number because the rates so high already, one can't imagine it going up by another third.
这个速率是如此之高,确实值得引起警惕,人们无法想象这个数字要增加1/3
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