Figure 17.7: Price-Earnings Ratio: 1985-2012 
-Your parents were pretty enthusiastic about the gains they made in the stock market in the late 1990s. They were not as enthusiastic when it collapsed in 2001, as they expected these gains to last forever. They show you the graph above, which shows the price-earnings ratio from 1985-2012. Explain to them what happened and why it would not have lasted forever.
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