The early postwar years, 1949-1952 -- The Cold War years to 1956 -- A New Left critique -- The search for a method -- The magnum opus and the Cuban Revolution -- The Kennedy years: civilian government spending -- Inflation, imperialism, and the Cuban Missile Crisis -- Here is Rhodes; jump here!...

This paper gives an overview of some issues related to market valuation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...