id	sid	tid	token	lemma	pos
faba-71	1	1	dimiter	dimiter	NOUN
faba-71	1	2	nenkov	nenkov	PROPN
faba-71	1	3	/	/	SYM
faba-71	1	4	finance	finance	NOUN
faba-71	1	5	,	,	PUNCT
faba-71	1	6	accounting	accounting	NOUN
faba-71	1	7	and	and	CCONJ
faba-71	1	8	business	business	NOUN
faba-71	1	9	analysis	analysis	NOUN
faba-71	1	10	3	3	NUM
faba-71	1	11	(	(	PUNCT
faba-71	1	12	1	1	NUM
faba-71	1	13	)	)	PUNCT
faba-71	1	14	2021	2021	NUM
faba-71	1	15	56	56	NUM
faba-71	1	16	finance	finance	NOUN
faba-71	1	17	,	,	PUNCT
faba-71	1	18	accounting	accounting	NOUN
faba-71	1	19	and	and	CCONJ
faba-71	1	20	business	business	NOUN
faba-71	1	21	analysis	analysis	NOUN
faba-71	1	22	volume	volume	NOUN
faba-71	1	23	3	3	NUM
faba-71	1	24	issue	issue	NOUN
faba-71	1	25	1	1	NUM
faba-71	1	26	,	,	PUNCT
faba-71	1	27	2021	2021	NUM
faba-71	1	28	http://faba.bg	http://faba.bg	PROPN
faba-71	1	29	us	us	PROPN
faba-71	1	30	stock	stock	NOUN
faba-71	1	31	market	market	NOUN
faba-71	1	32	at	at	ADP
faba-71	1	33	the	the	DET
faba-71	1	34	background	background	NOUN
faba-71	1	35	of	of	ADP
faba-71	1	36	the	the	DET
faba-71	1	37	covid-19	covid-19	PROPN
faba-71	1	38	pandemic	pandemic	NOUN
faba-71	1	39	:	:	PUNCT
faba-71	1	40	implication	implication	NOUN
faba-71	1	41	for	for	ADP
faba-71	1	42	valuation	valuation	NOUN
faba-71	1	43	dimiter	dimiter	NOUN
faba-71	1	44	nenkov	nenkov	PROPN
faba-71	1	45	department	department	PROPN
faba-71	1	46	of	of	ADP
faba-71	1	47	finance	finance	NOUN
faba-71	1	48	,	,	PUNCT
faba-71	1	49	university	university	NOUN
faba-71	1	50	of	of	ADP
faba-71	1	51	national	national	ADJ
faba-71	1	52	and	and	CCONJ
faba-71	1	53	world	world	NOUN
faba-71	1	54	economy	economy	NOUN
faba-71	1	55	,	,	PUNCT
faba-71	1	56	sofia	sofia	NOUN
faba-71	1	57	info	info	NOUN
faba-71	1	58	articles	article	NOUN
faba-71	1	59	abstract	abstract	ADJ
faba-71	1	60	history	history	NOUN
faba-71	1	61	article	article	NOUN
faba-71	1	62	:	:	PUNCT
faba-71	1	63	submitted	submit	VERB
faba-71	1	64	8	8	NUM
faba-71	1	65	january	january	NOUN
faba-71	1	66	2021	2021	NUM
faba-71	1	67	revised	revise	VERB
faba-71	1	68	19	19	NUM
faba-71	1	69	march	march	NOUN
faba-71	1	70	2021	2021	NUM
faba-71	1	71	accepted	accept	VERB
faba-71	1	72	6	6	NUM
faba-71	1	73	april	april	PROPN
faba-71	1	74	2021	2021	NUM
faba-71	1	75	the	the	DET
faba-71	1	76	main	main	ADJ
faba-71	1	77	objective	objective	NOUN
faba-71	1	78	of	of	ADP
faba-71	1	79	this	this	DET
faba-71	1	80	study	study	NOUN
faba-71	1	81	is	be	AUX
faba-71	1	82	to	to	PART
faba-71	1	83	discuss	discuss	VERB
faba-71	1	84	the	the	DET
faba-71	1	85	forces	force	NOUN
faba-71	1	86	driving	drive	VERB
faba-71	1	87	today	today	NOUN
faba-71	1	88	’s	’s	ADV
faba-71	1	89	us	us	PROPN
faba-71	1	90	stock	stock	NOUN
faba-71	1	91	market	market	NOUN
faba-71	1	92	levels	level	NOUN
faba-71	1	93	,	,	PUNCT
faba-71	1	94	in	in	ADP
faba-71	1	95	an	an	DET
faba-71	1	96	attempt	attempt	NOUN
faba-71	1	97	of	of	ADP
faba-71	1	98	assessing	assess	VERB
faba-71	1	99	their	their	PRON
faba-71	1	100	reasonability	reasonability	NOUN
faba-71	1	101	.	.	PUNCT
faba-71	2	1	this	this	PRON
faba-71	2	2	is	be	AUX
faba-71	2	3	not	not	PART
faba-71	2	4	the	the	DET
faba-71	2	5	first	first	ADJ
faba-71	2	6	research	research	NOUN
faba-71	2	7	of	of	ADP
faba-71	2	8	this	this	DET
faba-71	2	9	kind	kind	NOUN
faba-71	2	10	of	of	ADP
faba-71	2	11	the	the	DET
faba-71	2	12	author	author	NOUN
faba-71	2	13	,	,	PUNCT
faba-71	2	14	but	but	CCONJ
faba-71	2	15	the	the	DET
faba-71	2	16	approach	approach	NOUN
faba-71	2	17	now	now	ADV
faba-71	2	18	is	be	AUX
faba-71	2	19	a	a	DET
faba-71	2	20	little	little	ADJ
faba-71	2	21	bit	bit	NOUN
faba-71	2	22	different	different	ADJ
faba-71	2	23	.	.	PUNCT
faba-71	3	1	some	some	DET
faba-71	3	2	important	important	ADJ
faba-71	3	3	issues	issue	NOUN
faba-71	3	4	are	be	AUX
faba-71	3	5	raised	raise	VERB
faba-71	3	6	regarding	regard	VERB
faba-71	3	7	the	the	DET
faba-71	3	8	different	different	ADJ
faba-71	3	9	types	type	NOUN
faba-71	3	10	of	of	ADP
faba-71	3	11	players	player	NOUN
faba-71	3	12	on	on	ADP
faba-71	3	13	the	the	DET
faba-71	3	14	stock	stock	NOUN
faba-71	3	15	market	market	NOUN
faba-71	3	16	and	and	CCONJ
faba-71	3	17	their	their	PRON
faba-71	3	18	potential	potential	ADJ
faba-71	3	19	influence	influence	NOUN
faba-71	3	20	on	on	ADP
faba-71	3	21	its	its	PRON
faba-71	3	22	dynamics	dynamic	NOUN
faba-71	3	23	.	.	PUNCT
faba-71	4	1	the	the	DET
faba-71	4	2	s&p	s&p	PROPN
faba-71	4	3	500	500	NUM
faba-71	4	4	pe	pe	NOUN
faba-71	4	5	ratios	ratio	NOUN
faba-71	4	6	are	be	AUX
faba-71	4	7	analyzed	analyze	VERB
faba-71	4	8	in	in	ADP
faba-71	4	9	historic	historic	ADJ
faba-71	4	10	plan	plan	NOUN
faba-71	4	11	and	and	CCONJ
faba-71	4	12	subsequently	subsequently	ADV
faba-71	4	13	used	use	VERB
faba-71	4	14	for	for	ADP
faba-71	4	15	deriving	derive	VERB
faba-71	4	16	the	the	DET
faba-71	4	17	implied	imply	VERB
faba-71	4	18	capitalization	capitalization	NOUN
faba-71	4	19	rate	rate	NOUN
faba-71	4	20	and	and	CCONJ
faba-71	4	21	cost	cost	NOUN
faba-71	4	22	of	of	ADP
faba-71	4	23	equity	equity	NOUN
faba-71	4	24	for	for	ADP
faba-71	4	25	different	different	ADJ
faba-71	4	26	sub	sub	NOUN
faba-71	4	27	-	-	NOUN
faba-71	4	28	periods	period	NOUN
faba-71	4	29	.	.	PUNCT
faba-71	5	1	the	the	DET
faba-71	5	2	results	result	NOUN
faba-71	5	3	indicate	indicate	VERB
faba-71	5	4	for	for	ADP
faba-71	5	5	atypically	atypically	ADV
faba-71	5	6	high	high	ADJ
faba-71	5	7	current	current	ADJ
faba-71	5	8	pe	pe	X
faba-71	5	9	ratios	ratio	NOUN
faba-71	5	10	,	,	PUNCT
faba-71	5	11	and	and	CCONJ
faba-71	5	12	unreasonably	unreasonably	ADV
faba-71	5	13	low	low	ADJ
faba-71	5	14	cost	cost	NOUN
faba-71	5	15	of	of	ADP
faba-71	5	16	equity	equity	NOUN
faba-71	5	17	.	.	PUNCT
faba-71	6	1	one	one	NUM
faba-71	6	2	of	of	ADP
faba-71	6	3	the	the	DET
faba-71	6	4	conclusions	conclusion	NOUN
faba-71	6	5	is	be	AUX
faba-71	6	6	that	that	PRON
faba-71	6	7	to	to	ADP
faba-71	6	8	a	a	DET
faba-71	6	9	great	great	ADJ
faba-71	6	10	extent	extent	NOUN
faba-71	6	11	this	this	PRON
faba-71	6	12	is	be	AUX
faba-71	6	13	caused	cause	VERB
faba-71	6	14	by	by	ADP
faba-71	6	15	the	the	DET
faba-71	6	16	policy	policy	NOUN
faba-71	6	17	of	of	ADP
faba-71	6	18	low	low	ADJ
faba-71	6	19	interest	interest	NOUN
faba-71	6	20	rates	rate	NOUN
faba-71	6	21	and	and	CCONJ
faba-71	6	22	quantitative	quantitative	ADJ
faba-71	6	23	easing	easing	NOUN
faba-71	6	24	,	,	PUNCT
faba-71	6	25	and	and	CCONJ
faba-71	6	26	is	be	AUX
faba-71	6	27	an	an	DET
faba-71	6	28	important	important	ADJ
faba-71	6	29	factor	factor	NOUN
faba-71	6	30	driving	drive	VERB
faba-71	6	31	high	high	ADJ
faba-71	6	32	price	price	NOUN
faba-71	6	33	levels	level	NOUN
faba-71	6	34	in	in	ADP
faba-71	6	35	the	the	DET
faba-71	6	36	short	short	ADJ
faba-71	6	37	run	run	NOUN
faba-71	6	38	.	.	PUNCT
faba-71	7	1	it	it	PRON
faba-71	7	2	is	be	AUX
faba-71	7	3	not	not	PART
faba-71	7	4	logical	logical	ADJ
faba-71	7	5	to	to	PART
faba-71	7	6	accept	accept	VERB
faba-71	7	7	this	this	PRON
faba-71	7	8	as	as	ADP
faba-71	7	9	a	a	DET
faba-71	7	10	normal	normal	ADJ
faba-71	7	11	cost	cost	NOUN
faba-71	7	12	of	of	ADP
faba-71	7	13	equity	equity	NOUN
faba-71	7	14	level	level	NOUN
faba-71	7	15	,	,	PUNCT
faba-71	7	16	meaning	mean	VERB
faba-71	7	17	that	that	SCONJ
faba-71	7	18	it	it	PRON
faba-71	7	19	could	could	AUX
faba-71	7	20	not	not	PART
faba-71	7	21	be	be	AUX
faba-71	7	22	sustainable	sustainable	ADJ
faba-71	7	23	in	in	ADP
faba-71	7	24	the	the	DET
faba-71	7	25	long	long	ADJ
faba-71	7	26	run	run	NOUN
faba-71	7	27	.	.	PUNCT
faba-71	8	1	the	the	DET
faba-71	8	2	implication	implication	NOUN
faba-71	8	3	for	for	ADP
faba-71	8	4	valuation	valuation	NOUN
faba-71	8	5	of	of	ADP
faba-71	8	6	stocks	stock	NOUN
faba-71	8	7	is	be	AUX
faba-71	8	8	that	that	SCONJ
faba-71	8	9	fundamental	fundamental	ADJ
faba-71	8	10	analysts	analyst	NOUN
faba-71	8	11	and	and	CCONJ
faba-71	8	12	investors	investor	NOUN
faba-71	8	13	would	would	AUX
faba-71	8	14	better	well	ADV
faba-71	8	15	avoid	avoid	VERB
faba-71	8	16	the	the	DET
faba-71	8	17	temptation	temptation	NOUN
faba-71	8	18	of	of	ADP
faba-71	8	19	using	use	VERB
faba-71	8	20	the	the	DET
faba-71	8	21	current	current	ADJ
faba-71	8	22	cost	cost	NOUN
faba-71	8	23	of	of	ADP
faba-71	8	24	equity	equity	NOUN
faba-71	8	25	as	as	SCONJ
faba-71	8	26	it	it	PRON
faba-71	8	27	is	be	AUX
faba-71	8	28	not	not	PART
faba-71	8	29	representative	representative	ADJ
faba-71	8	30	for	for	ADP
faba-71	8	31	the	the	DET
faba-71	8	32	purpose	purpose	NOUN
faba-71	8	33	of	of	ADP
faba-71	8	34	fundamental	fundamental	ADJ
faba-71	8	35	models	model	NOUN
faba-71	8	36	.	.	PUNCT
faba-71	9	1	keywords	keyword	NOUN
faba-71	9	2	:	:	PUNCT
faba-71	9	3	stock	stock	NOUN
faba-71	9	4	markets	market	NOUN
faba-71	9	5	,	,	PUNCT
faba-71	9	6	investing	investing	NOUN
faba-71	9	7	,	,	PUNCT
faba-71	9	8	speculating	speculating	NOUN
faba-71	9	9	,	,	PUNCT
faba-71	9	10	pe	pe	PROPN
faba-71	9	11	ratios	ratio	NOUN
faba-71	9	12	,	,	PUNCT
faba-71	9	13	fundamentals	fundamental	NOUN
faba-71	9	14	,	,	PUNCT
faba-71	9	15	stock	stock	NOUN
faba-71	9	16	market	market	NOUN
faba-71	9	17	bubble	bubble	NOUN
faba-71	9	18	.	.	PUNCT
faba-71	10	1	*	*	PUNCT
faba-71	10	2	address	address	NOUN
faba-71	10	3	correspondence	correspondence	NOUN
faba-71	10	4	:	:	PUNCT
faba-71	11	1	e	e	X
faba-71	11	2	-	-	NOUN
faba-71	11	3	mail	mail	NOUN
faba-71	11	4	:	:	PUNCT
faba-71	11	5	dnenkov@unwe.eu	dnenkov@unwe.eu	NOUN
faba-71	11	6	dimiter	dimiter	NOUN
faba-71	11	7	nenkov	nenkov	PROPN
faba-71	11	8	/	/	SYM
faba-71	11	9	finance	finance	NOUN
faba-71	11	10	,	,	PUNCT
faba-71	11	11	accounting	accounting	NOUN
faba-71	11	12	and	and	CCONJ
faba-71	11	13	business	business	NOUN
faba-71	11	14	analysis	analysis	NOUN
faba-71	11	15	3	3	NUM
faba-71	11	16	(	(	PUNCT
faba-71	11	17	1	1	NUM
faba-71	11	18	)	)	PUNCT
faba-71	11	19	2021	2021	NUM
faba-71	11	20	57	57	NUM
faba-71	11	21	introduction	introduction	NOUN
faba-71	11	22	the	the	DET
faba-71	11	23	us	us	PROPN
faba-71	11	24	stock	stock	NOUN
faba-71	11	25	market	market	NOUN
faba-71	11	26	indexes	index	NOUN
faba-71	11	27	ended	end	VERB
faba-71	11	28	the	the	DET
faba-71	11	29	turbulent	turbulent	ADJ
faba-71	11	30	2020	2020	NUM
faba-71	11	31	at	at	ADP
faba-71	11	32	new	new	ADJ
faba-71	11	33	record	record	NOUN
faba-71	11	34	-	-	PUNCT
faba-71	11	35	high	high	ADJ
faba-71	11	36	levels	level	NOUN
faba-71	11	37	,	,	PUNCT
faba-71	11	38	regardless	regardless	ADV
faba-71	11	39	of	of	ADP
faba-71	11	40	the	the	DET
faba-71	11	41	suffering	suffering	NOUN
faba-71	11	42	economy	economy	NOUN
faba-71	11	43	all	all	ADV
faba-71	11	44	over	over	ADP
faba-71	11	45	the	the	DET
faba-71	11	46	globe	globe	NOUN
faba-71	11	47	,	,	PUNCT
faba-71	11	48	due	due	ADP
faba-71	11	49	to	to	ADP
faba-71	11	50	the	the	DET
faba-71	11	51	covid-19	covid-19	PROPN
faba-71	11	52	pandemic	pandemic	NOUN
faba-71	11	53	.	.	PUNCT
faba-71	12	1	this	this	PRON
faba-71	12	2	does	do	AUX
faba-71	12	3	not	not	PART
faba-71	12	4	seem	seem	VERB
faba-71	12	5	quite	quite	ADV
faba-71	12	6	logical	logical	ADJ
faba-71	12	7	,	,	PUNCT
faba-71	12	8	since	since	SCONJ
faba-71	12	9	the	the	DET
faba-71	12	10	stock	stock	NOUN
faba-71	12	11	market	market	NOUN
faba-71	12	12	is	be	AUX
faba-71	12	13	believed	believe	VERB
faba-71	12	14	to	to	PART
faba-71	12	15	be	be	AUX
faba-71	12	16	the	the	DET
faba-71	12	17	showcase	showcase	NOUN
faba-71	12	18	of	of	ADP
faba-71	12	19	the	the	DET
faba-71	12	20	economy	economy	NOUN
faba-71	12	21	as	as	ADP
faba-71	12	22	a	a	DET
faba-71	12	23	whole	whole	NOUN
faba-71	12	24	,	,	PUNCT
faba-71	12	25	the	the	DET
faba-71	12	26	indicator	indicator	NOUN
faba-71	12	27	about	about	ADP
faba-71	12	28	the	the	DET
faba-71	12	29	state	state	NOUN
faba-71	12	30	of	of	ADP
faba-71	12	31	the	the	DET
faba-71	12	32	aggregate	aggregate	ADJ
faba-71	12	33	business	business	NOUN
faba-71	12	34	.	.	PUNCT
faba-71	13	1	this	this	DET
faba-71	13	2	fact	fact	NOUN
faba-71	13	3	,	,	PUNCT
faba-71	13	4	combined	combine	VERB
faba-71	13	5	with	with	ADP
faba-71	13	6	some	some	DET
faba-71	13	7	dramatic	dramatic	ADJ
faba-71	13	8	moves	move	NOUN
faba-71	13	9	in	in	ADP
faba-71	13	10	2020	2020	NUM
faba-71	13	11	,	,	PUNCT
faba-71	13	12	are	be	AUX
faba-71	13	13	two	two	NUM
faba-71	13	14	important	important	ADJ
faba-71	13	15	reasons	reason	NOUN
faba-71	13	16	why	why	SCONJ
faba-71	13	17	processes	process	VERB
faba-71	13	18	on	on	ADP
faba-71	13	19	the	the	DET
faba-71	13	20	stock	stock	NOUN
faba-71	13	21	markets	market	NOUN
faba-71	13	22	currently	currently	ADV
faba-71	13	23	attract	attract	VERB
faba-71	13	24	additional	additional	ADJ
faba-71	13	25	attention	attention	NOUN
faba-71	13	26	.	.	PUNCT
faba-71	14	1	in	in	ADP
faba-71	14	2	such	such	ADJ
faba-71	14	3	periods	period	NOUN
faba-71	14	4	the	the	DET
faba-71	14	5	discussions	discussion	NOUN
faba-71	14	6	about	about	ADP
faba-71	14	7	the	the	DET
faba-71	14	8	validity	validity	NOUN
faba-71	14	9	and	and	CCONJ
faba-71	14	10	reasonableness	reasonableness	NOUN
faba-71	14	11	of	of	ADP
faba-71	14	12	current	current	ADJ
faba-71	14	13	market	market	NOUN
faba-71	14	14	levels	level	NOUN
faba-71	14	15	become	become	VERB
faba-71	14	16	even	even	ADV
faba-71	14	17	more	more	ADV
faba-71	14	18	intense	intense	ADJ
faba-71	14	19	.	.	PUNCT
faba-71	15	1	one	one	NUM
faba-71	15	2	reason	reason	NOUN
faba-71	15	3	for	for	ADP
faba-71	15	4	the	the	DET
faba-71	15	5	never	never	ADV
faba-71	15	6	ending	end	VERB
faba-71	15	7	debate	debate	NOUN
faba-71	15	8	whether	whether	SCONJ
faba-71	15	9	the	the	DET
faba-71	15	10	stock	stock	NOUN
faba-71	15	11	market	market	NOUN
faba-71	15	12	is	be	AUX
faba-71	15	13	undervalued	undervalue	VERB
faba-71	15	14	,	,	PUNCT
faba-71	15	15	overvalued	overvalued	ADJ
faba-71	15	16	or	or	CCONJ
faba-71	15	17	fairly	fairly	ADV
faba-71	15	18	valued	value	VERB
faba-71	15	19	,	,	PUNCT
faba-71	15	20	may	may	AUX
faba-71	15	21	be	be	AUX
faba-71	15	22	explained	explain	VERB
faba-71	15	23	by	by	ADP
faba-71	15	24	the	the	DET
faba-71	15	25	simple	simple	ADJ
faba-71	15	26	fact	fact	NOUN
faba-71	15	27	that	that	SCONJ
faba-71	15	28	many	many	ADJ
faba-71	15	29	of	of	ADP
faba-71	15	30	the	the	DET
faba-71	15	31	market	market	NOUN
faba-71	15	32	players	player	NOUN
faba-71	15	33	do	do	AUX
faba-71	15	34	not	not	PART
faba-71	15	35	care	care	VERB
faba-71	15	36	at	at	ADV
faba-71	15	37	all	all	ADV
faba-71	15	38	about	about	ADP
faba-71	15	39	the	the	DET
faba-71	15	40	true	true	ADJ
faba-71	15	41	value	value	NOUN
faba-71	15	42	of	of	ADP
faba-71	15	43	stocks	stock	NOUN
faba-71	15	44	under	under	ADP
faba-71	15	45	their	their	PRON
faba-71	15	46	consideration	consideration	NOUN
faba-71	15	47	.	.	PUNCT
faba-71	16	1	according	accord	VERB
faba-71	16	2	to	to	ADP
faba-71	16	3	many	many	ADJ
faba-71	16	4	of	of	ADP
faba-71	16	5	the	the	DET
faba-71	16	6	strategies	strategy	NOUN
faba-71	16	7	,	,	PUNCT
faba-71	16	8	theories	theory	NOUN
faba-71	16	9	and	and	CCONJ
faba-71	16	10	approaches	approach	NOUN
faba-71	16	11	for	for	ADP
faba-71	16	12	selection	selection	NOUN
faba-71	16	13	of	of	ADP
faba-71	16	14	stocks	stock	NOUN
faba-71	16	15	in	in	ADP
faba-71	16	16	the	the	DET
faba-71	16	17	capital	capital	NOUN
faba-71	16	18	markets	market	NOUN
faba-71	16	19	,	,	PUNCT
faba-71	16	20	determining	determine	VERB
faba-71	16	21	the	the	DET
faba-71	16	22	value	value	NOUN
faba-71	16	23	of	of	ADP
faba-71	16	24	these	these	DET
faba-71	16	25	stocks	stock	NOUN
faba-71	16	26	is	be	AUX
faba-71	16	27	not	not	PART
faba-71	16	28	necessary	necessary	ADJ
faba-71	16	29	and	and	CCONJ
faba-71	16	30	is	be	AUX
faba-71	16	31	not	not	PART
faba-71	16	32	done	do	VERB
faba-71	16	33	.	.	PUNCT
faba-71	17	1	today	today	NOUN
faba-71	17	2	’s	’s	PART
faba-71	17	3	market	market	NOUN
faba-71	17	4	is	be	AUX
faba-71	17	5	driven	drive	VERB
faba-71	17	6	,	,	PUNCT
faba-71	17	7	among	among	ADP
faba-71	17	8	other	other	ADJ
faba-71	17	9	factors	factor	NOUN
faba-71	17	10	,	,	PUNCT
faba-71	17	11	also	also	ADV
faba-71	17	12	by	by	ADP
faba-71	17	13	forces	force	NOUN
faba-71	17	14	that	that	PRON
faba-71	17	15	have	have	VERB
faba-71	17	16	little	little	ADJ
faba-71	17	17	in	in	ADP
faba-71	17	18	common	common	ADJ
faba-71	17	19	with	with	ADP
faba-71	17	20	the	the	DET
faba-71	17	21	dynamics	dynamic	NOUN
faba-71	17	22	of	of	ADP
faba-71	17	23	the	the	DET
faba-71	17	24	intrinsic	intrinsic	ADJ
faba-71	17	25	value	value	NOUN
faba-71	17	26	of	of	ADP
faba-71	17	27	stocks	stock	NOUN
faba-71	17	28	.	.	PUNCT
faba-71	18	1	the	the	DET
faba-71	18	2	concerns	concern	NOUN
faba-71	18	3	whether	whether	SCONJ
faba-71	18	4	the	the	DET
faba-71	18	5	market	market	NOUN
faba-71	18	6	is	be	AUX
faba-71	18	7	overvalued	overvalue	VERB
faba-71	18	8	,	,	PUNCT
faba-71	18	9	undervalued	undervalue	VERB
faba-71	18	10	or	or	CCONJ
faba-71	18	11	fairly	fairly	ADV
faba-71	18	12	valued	value	VERB
faba-71	18	13	are	be	AUX
faba-71	18	14	predominantly	predominantly	ADV
faba-71	18	15	from	from	ADP
faba-71	18	16	the	the	DET
faba-71	18	17	point	point	NOUN
faba-71	18	18	of	of	ADP
faba-71	18	19	view	view	NOUN
faba-71	18	20	of	of	ADP
faba-71	18	21	long	long	ADJ
faba-71	18	22	-	-	PUNCT
faba-71	18	23	term	term	NOUN
faba-71	18	24	investors	investor	NOUN
faba-71	18	25	,	,	PUNCT
faba-71	18	26	which	which	PRON
faba-71	18	27	are	be	AUX
faba-71	18	28	usually	usually	ADV
faba-71	18	29	interested	interested	ADJ
faba-71	18	30	to	to	PART
faba-71	18	31	know	know	VERB
faba-71	18	32	the	the	DET
faba-71	18	33	fundamental	fundamental	ADJ
faba-71	18	34	value	value	NOUN
faba-71	18	35	of	of	ADP
faba-71	18	36	stocks	stock	NOUN
faba-71	18	37	.	.	PUNCT
faba-71	19	1	the	the	DET
faba-71	19	2	deviation	deviation	NOUN
faba-71	19	3	of	of	ADP
faba-71	19	4	stock	stock	NOUN
faba-71	19	5	prices	price	NOUN
faba-71	19	6	from	from	ADP
faba-71	19	7	their	their	PRON
faba-71	19	8	intrinsic	intrinsic	ADJ
faba-71	19	9	value	value	NOUN
faba-71	19	10	is	be	AUX
faba-71	19	11	normally	normally	ADV
faba-71	19	12	not	not	PART
faba-71	19	13	an	an	DET
faba-71	19	14	issue	issue	NOUN
faba-71	19	15	for	for	ADP
faba-71	19	16	most	most	ADJ
faba-71	19	17	traders	trader	NOUN
faba-71	19	18	and	and	CCONJ
faba-71	19	19	speculators	speculator	NOUN
faba-71	19	20	in	in	ADP
faba-71	19	21	the	the	DET
faba-71	19	22	market	market	NOUN
faba-71	19	23	.	.	PUNCT
faba-71	20	1	in	in	ADP
faba-71	20	2	order	order	NOUN
faba-71	20	3	to	to	PART
faba-71	20	4	make	make	VERB
faba-71	20	5	a	a	DET
faba-71	20	6	good	good	ADJ
faba-71	20	7	judgement	judgement	NOUN
faba-71	20	8	about	about	ADP
faba-71	20	9	stock	stock	NOUN
faba-71	20	10	-	-	PUNCT
faba-71	20	11	market	market	NOUN
faba-71	20	12	levels	level	NOUN
faba-71	20	13	at	at	ADP
faba-71	20	14	any	any	DET
faba-71	20	15	point	point	NOUN
faba-71	20	16	in	in	ADP
faba-71	20	17	time	time	NOUN
faba-71	20	18	,	,	PUNCT
faba-71	20	19	it	it	PRON
faba-71	20	20	is	be	AUX
faba-71	20	21	not	not	PART
faba-71	20	22	enough	enough	ADJ
faba-71	20	23	to	to	PART
faba-71	20	24	simply	simply	ADV
faba-71	20	25	apply	apply	VERB
faba-71	20	26	a	a	DET
faba-71	20	27	couple	couple	NOUN
faba-71	20	28	of	of	ADP
faba-71	20	29	valuation	valuation	NOUN
faba-71	20	30	methods	method	NOUN
faba-71	20	31	.	.	PUNCT
faba-71	21	1	there	there	PRON
faba-71	21	2	are	be	VERB
faba-71	21	3	a	a	DET
faba-71	21	4	number	number	NOUN
faba-71	21	5	of	of	ADP
faba-71	21	6	other	other	ADJ
faba-71	21	7	important	important	ADJ
faba-71	21	8	issues	issue	NOUN
faba-71	21	9	that	that	PRON
faba-71	21	10	need	need	VERB
faba-71	21	11	to	to	PART
faba-71	21	12	be	be	AUX
faba-71	21	13	considered	consider	VERB
faba-71	21	14	for	for	ADP
faba-71	21	15	explaining	explain	VERB
faba-71	21	16	the	the	DET
faba-71	21	17	driving	drive	VERB
faba-71	21	18	forces	force	NOUN
faba-71	21	19	of	of	ADP
faba-71	21	20	the	the	DET
faba-71	21	21	market	market	NOUN
faba-71	21	22	.	.	PUNCT
faba-71	22	1	this	this	DET
faba-71	22	2	study	study	NOUN
faba-71	22	3	starts	start	VERB
faba-71	22	4	with	with	ADP
faba-71	22	5	raising	raise	VERB
faba-71	22	6	certain	certain	ADJ
faba-71	22	7	fundamental	fundamental	ADJ
faba-71	22	8	issues	issue	NOUN
faba-71	22	9	,	,	PUNCT
faba-71	22	10	which	which	PRON
faba-71	22	11	are	be	AUX
faba-71	22	12	closely	closely	ADV
faba-71	22	13	related	relate	VERB
faba-71	22	14	to	to	ADP
faba-71	22	15	the	the	DET
faba-71	22	16	above	above	ADJ
faba-71	22	17	debate	debate	NOUN
faba-71	22	18	.	.	PUNCT
faba-71	23	1	among	among	ADP
faba-71	23	2	them	they	PRON
faba-71	23	3	are	be	AUX
faba-71	23	4	:	:	PUNCT
faba-71	23	5	what	what	PRON
faba-71	23	6	is	be	AUX
faba-71	23	7	buying	buy	VERB
faba-71	23	8	shares	share	NOUN
faba-71	23	9	in	in	ADP
faba-71	23	10	the	the	DET
faba-71	23	11	stock	stock	NOUN
faba-71	23	12	market	market	NOUN
faba-71	23	13	–	–	PUNCT
faba-71	23	14	investment	investment	NOUN
faba-71	23	15	or	or	CCONJ
faba-71	23	16	speculation	speculation	NOUN
faba-71	23	17	,	,	PUNCT
faba-71	23	18	investment	investment	NOUN
faba-71	23	19	or	or	CCONJ
faba-71	23	20	gambling	gambling	NOUN
faba-71	23	21	?	?	PUNCT
faba-71	24	1	which	which	DET
faba-71	24	2	approach	approach	NOUN
faba-71	24	3	leads	lead	VERB
faba-71	24	4	to	to	ADP
faba-71	24	5	better	well	ADJ
faba-71	24	6	financial	financial	ADJ
faba-71	24	7	outcome	outcome	NOUN
faba-71	24	8	–	–	PUNCT
faba-71	24	9	investing	investing	NOUN
faba-71	24	10	or	or	CCONJ
faba-71	24	11	trading	trading	NOUN
faba-71	24	12	with	with	ADP
faba-71	24	13	shares	share	NOUN
faba-71	24	14	of	of	ADP
faba-71	24	15	stock	stock	NOUN
faba-71	24	16	?	?	PUNCT
faba-71	25	1	what	what	PRON
faba-71	25	2	determines	determine	VERB
faba-71	25	3	financial	financial	ADJ
faba-71	25	4	success	success	NOUN
faba-71	25	5	in	in	ADP
faba-71	25	6	the	the	DET
faba-71	25	7	stock	stock	NOUN
faba-71	25	8	market	market	NOUN
faba-71	25	9	–	–	PUNCT
faba-71	25	10	good	good	ADJ
faba-71	25	11	investment	investment	NOUN
faba-71	25	12	skills	skill	NOUN
faba-71	25	13	or	or	CCONJ
faba-71	25	14	luck	luck	NOUN
faba-71	25	15	?	?	PUNCT
faba-71	26	1	are	be	AUX
faba-71	26	2	we	we	PRON
faba-71	26	3	pricing	price	VERB
faba-71	26	4	or	or	CCONJ
faba-71	26	5	valuing	value	VERB
faba-71	26	6	stocks	stock	NOUN
faba-71	26	7	in	in	ADP
faba-71	26	8	the	the	DET
faba-71	26	9	market	market	NOUN
faba-71	26	10	?	?	PUNCT
faba-71	27	1	what	what	PRON
faba-71	27	2	are	be	AUX
faba-71	27	3	today	today	NOUN
faba-71	27	4	’s	’s	PART
faba-71	27	5	players	player	NOUN
faba-71	27	6	,	,	PUNCT
faba-71	27	7	putting	put	VERB
faba-71	27	8	money	money	NOUN
faba-71	27	9	in	in	ADP
faba-71	27	10	the	the	DET
faba-71	27	11	market	market	NOUN
faba-71	27	12	during	during	ADP
faba-71	27	13	the	the	DET
faba-71	27	14	covid-19	covid-19	PROPN
faba-71	27	15	pandemic	pandemic	ADJ
faba-71	27	16	–	–	PUNCT
faba-71	27	17	investors	investor	NOUN
faba-71	27	18	or	or	CCONJ
faba-71	27	19	speculators	speculator	NOUN
faba-71	27	20	(	(	PUNCT
faba-71	27	21	traders	trader	NOUN
faba-71	27	22	)	)	PUNCT
faba-71	27	23	?	?	PUNCT
faba-71	28	1	what	what	PRON
faba-71	28	2	predominantly	predominantly	ADV
faba-71	28	3	drives	drive	VERB
faba-71	28	4	today	today	NOUN
faba-71	28	5	’s	’s	PART
faba-71	28	6	stock	stock	NOUN
faba-71	28	7	market	market	NOUN
faba-71	28	8	in	in	ADP
faba-71	28	9	the	the	DET
faba-71	28	10	conditions	condition	NOUN
faba-71	28	11	of	of	ADP
faba-71	28	12	the	the	DET
faba-71	28	13	covid-19	covid-19	PROPN
faba-71	28	14	pandemic	pandemic	ADJ
faba-71	28	15	–	–	PUNCT
faba-71	28	16	investing	investing	NOUN
faba-71	28	17	or	or	CCONJ
faba-71	28	18	trading	trading	NOUN
faba-71	28	19	(	(	PUNCT
faba-71	28	20	speculating	speculating	NOUN
faba-71	28	21	)	)	PUNCT
faba-71	28	22	?	?	PUNCT
faba-71	29	1	what	what	PRON
faba-71	29	2	are	be	AUX
faba-71	29	3	the	the	DET
faba-71	29	4	implications	implication	NOUN
faba-71	29	5	of	of	ADP
faba-71	29	6	the	the	DET
faba-71	29	7	above	above	ADJ
faba-71	29	8	issues	issue	NOUN
faba-71	29	9	on	on	ADP
faba-71	29	10	the	the	DET
faba-71	29	11	valuation	valuation	NOUN
faba-71	29	12	of	of	ADP
faba-71	29	13	stocks	stock	NOUN
faba-71	29	14	in	in	ADP
faba-71	29	15	the	the	DET
faba-71	29	16	markets	market	NOUN
faba-71	29	17	?	?	PUNCT
faba-71	30	1	some	some	PRON
faba-71	30	2	of	of	ADP
faba-71	30	3	these	these	DET
faba-71	30	4	questions	question	NOUN
faba-71	30	5	are	be	AUX
faba-71	30	6	quite	quite	ADV
faba-71	30	7	difficult	difficult	ADJ
faba-71	30	8	and	and	CCONJ
faba-71	30	9	it	it	PRON
faba-71	30	10	is	be	AUX
faba-71	30	11	not	not	PART
faba-71	30	12	possible	possible	ADJ
faba-71	30	13	to	to	PART
faba-71	30	14	give	give	VERB
faba-71	30	15	the	the	DET
faba-71	30	16	answers	answer	NOUN
faba-71	30	17	in	in	ADP
faba-71	30	18	one	one	NUM
faba-71	30	19	short	short	ADJ
faba-71	30	20	study	study	NOUN
faba-71	30	21	.	.	PUNCT
faba-71	31	1	the	the	DET
faba-71	31	2	current	current	ADJ
faba-71	31	3	research	research	NOUN
faba-71	31	4	paper	paper	NOUN
faba-71	31	5	is	be	AUX
faba-71	31	6	expected	expect	VERB
faba-71	31	7	to	to	PART
faba-71	31	8	eventually	eventually	ADV
faba-71	31	9	provide	provide	VERB
faba-71	31	10	some	some	DET
faba-71	31	11	partial	partial	ADJ
faba-71	31	12	answers	answer	NOUN
faba-71	31	13	,	,	PUNCT
faba-71	31	14	and	and	CCONJ
faba-71	31	15	most	most	ADJ
faba-71	31	16	of	of	ADP
faba-71	31	17	the	the	DET
faba-71	31	18	discussion	discussion	NOUN
faba-71	31	19	is	be	AUX
faba-71	31	20	foreseen	foresee	VERB
faba-71	31	21	to	to	PART
faba-71	31	22	continue	continue	VERB
faba-71	31	23	further	far	ADV
faba-71	31	24	in	in	ADP
faba-71	31	25	other	other	ADJ
faba-71	31	26	studies	study	NOUN
faba-71	31	27	.	.	PUNCT
faba-71	32	1	some	some	DET
faba-71	32	2	fundamental	fundamental	ADJ
faba-71	32	3	issues	issue	NOUN
faba-71	32	4	concerning	concern	VERB
faba-71	32	5	investors	investor	NOUN
faba-71	32	6	in	in	ADP
faba-71	32	7	the	the	DET
faba-71	32	8	stock	stock	NOUN
faba-71	32	9	market	market	NOUN
faba-71	32	10	in	in	ADP
faba-71	32	11	the	the	DET
faba-71	32	12	current	current	ADJ
faba-71	32	13	study	study	NOUN
faba-71	32	14	the	the	DET
faba-71	32	15	issues	issue	NOUN
faba-71	32	16	are	be	AUX
faba-71	32	17	discussed	discuss	VERB
faba-71	32	18	mainly	mainly	ADV
faba-71	32	19	from	from	ADP
faba-71	32	20	the	the	DET
faba-71	32	21	point	point	NOUN
faba-71	32	22	of	of	ADP
faba-71	32	23	view	view	NOUN
faba-71	32	24	of	of	ADP
faba-71	32	25	the	the	DET
faba-71	32	26	investor	investor	NOUN
faba-71	32	27	,	,	PUNCT
faba-71	32	28	rather	rather	ADV
faba-71	32	29	than	than	ADP
faba-71	32	30	the	the	DET
faba-71	32	31	speculator	speculator	NOUN
faba-71	32	32	.	.	PUNCT
faba-71	33	1	according	accord	VERB
faba-71	33	2	to	to	ADP
faba-71	33	3	benjamin	benjamin	PROPN
faba-71	33	4	graham	graham	PROPN
faba-71	33	5	and	and	CCONJ
faba-71	33	6	david	david	PROPN
faba-71	33	7	dodd	dodd	PROPN
faba-71	33	8	,	,	PUNCT
faba-71	33	9	one	one	NUM
faba-71	33	10	of	of	ADP
faba-71	33	11	the	the	DET
faba-71	33	12	first	first	ADJ
faba-71	33	13	things	thing	NOUN
faba-71	33	14	that	that	PRON
faba-71	33	15	need	need	VERB
faba-71	33	16	clarification	clarification	NOUN
faba-71	33	17	in	in	ADP
faba-71	33	18	connection	connection	NOUN
faba-71	33	19	with	with	ADP
faba-71	33	20	capital	capital	NOUN
faba-71	33	21	markets	market	NOUN
faba-71	33	22	,	,	PUNCT
faba-71	33	23	is	be	AUX
faba-71	33	24	the	the	DET
faba-71	33	25	meaning	meaning	NOUN
faba-71	33	26	of	of	ADP
faba-71	33	27	investor	investor	NOUN
faba-71	33	28	or	or	CCONJ
faba-71	33	29	investing	investing	NOUN
faba-71	33	30	.	.	PUNCT
faba-71	34	1	they	they	PRON
faba-71	34	2	choose	choose	VERB
faba-71	34	3	to	to	PART
faba-71	34	4	use	use	VERB
faba-71	34	5	the	the	DET
faba-71	34	6	term	term	NOUN
faba-71	34	7	“	"	PUNCT
faba-71	34	8	investor	investor	NOUN
faba-71	34	9	”	"	PUNCT
faba-71	34	10	as	as	ADP
faba-71	34	11	the	the	DET
faba-71	34	12	opposite	opposite	NOUN
faba-71	34	13	to	to	PART
faba-71	34	14	“	"	PUNCT
faba-71	34	15	speculator	speculator	NOUN
faba-71	34	16	”	"	PUNCT
faba-71	34	17	(	(	PUNCT
faba-71	34	18	graham	graham	PROPN
faba-71	34	19	,	,	PUNCT
faba-71	34	20	dodd	dodd	NOUN
faba-71	34	21	,	,	PUNCT
faba-71	34	22	2009	2009	NUM
faba-71	34	23	)	)	PUNCT
faba-71	34	24	.	.	PUNCT
faba-71	35	1	in	in	ADP
faba-71	35	2	the	the	DET
faba-71	35	3	first	first	ADJ
faba-71	35	4	edition	edition	NOUN
faba-71	35	5	of	of	ADP
faba-71	35	6	their	their	PRON
faba-71	35	7	book	book	NOUN
faba-71	35	8	“	"	PUNCT
faba-71	35	9	security	security	NOUN
faba-71	35	10	analysis	analysis	NOUN
faba-71	35	11	”	"	PUNCT
faba-71	35	12	of	of	ADP
faba-71	35	13	1934	1934	NUM
faba-71	35	14	,	,	PUNCT
faba-71	35	15	they	they	PRON
faba-71	35	16	try	try	VERB
faba-71	35	17	to	to	PART
faba-71	35	18	give	give	VERB
faba-71	35	19	a	a	DET
faba-71	35	20	precise	precise	ADJ
faba-71	35	21	definition	definition	NOUN
faba-71	35	22	of	of	ADP
faba-71	35	23	the	the	DET
faba-71	35	24	difference	difference	NOUN
faba-71	35	25	between	between	ADP
faba-71	35	26	the	the	DET
faba-71	35	27	two	two	NUM
faba-71	35	28	categories	category	NOUN
faba-71	35	29	.	.	PUNCT
faba-71	36	1	it	it	PRON
faba-71	36	2	is	be	AUX
faba-71	36	3	as	as	SCONJ
faba-71	36	4	follows	follow	VERB
faba-71	36	5	:	:	PUNCT
faba-71	36	6	“	"	PUNCT
faba-71	36	7	an	an	DET
faba-71	36	8	investment	investment	NOUN
faba-71	36	9	operation	operation	NOUN
faba-71	36	10	is	be	AUX
faba-71	36	11	one	one	NUM
faba-71	36	12	which	which	PRON
faba-71	36	13	,	,	PUNCT
faba-71	36	14	upon	upon	SCONJ
faba-71	36	15	thorough	thorough	ADJ
faba-71	36	16	analysis	analysis	NOUN
faba-71	36	17	promises	promise	VERB
faba-71	36	18	safety	safety	NOUN
faba-71	36	19	of	of	ADP
faba-71	36	20	principal	principal	NOUN
faba-71	36	21	and	and	CCONJ
faba-71	36	22	an	an	DET
faba-71	36	23	adequate	adequate	ADJ
faba-71	36	24	return	return	NOUN
faba-71	36	25	.	.	PUNCT
faba-71	37	1	operations	operation	NOUN
faba-71	37	2	not	not	PART
faba-71	37	3	meeting	meet	VERB
faba-71	37	4	these	these	DET
faba-71	37	5	requirements	requirement	NOUN
faba-71	37	6	are	be	AUX
faba-71	37	7	speculative	speculative	ADJ
faba-71	37	8	”	"	PUNCT
faba-71	37	9	(	(	PUNCT
faba-71	37	10	graham	graham	PROPN
faba-71	37	11	,	,	PUNCT
faba-71	37	12	2006	2006	NUM
faba-71	37	13	)	)	PUNCT
faba-71	37	14	.	.	PUNCT
faba-71	38	1	in	in	ADP
faba-71	38	2	other	other	ADJ
faba-71	38	3	words	word	NOUN
faba-71	38	4	,	,	PUNCT
faba-71	38	5	an	an	DET
faba-71	38	6	investor	investor	NOUN
faba-71	38	7	determines	determine	VERB
faba-71	38	8	the	the	DET
faba-71	38	9	value	value	NOUN
faba-71	38	10	of	of	ADP
faba-71	38	11	a	a	DET
faba-71	38	12	share	share	NOUN
faba-71	38	13	of	of	ADP
faba-71	38	14	stock	stock	NOUN
faba-71	38	15	based	base	VERB
faba-71	38	16	on	on	ADP
faba-71	38	17	the	the	DET
faba-71	38	18	value	value	NOUN
faba-71	38	19	of	of	ADP
faba-71	38	20	its	its	PRON
faba-71	38	21	businesses	business	NOUN
faba-71	38	22	.	.	PUNCT
faba-71	39	1	at	at	ADP
faba-71	39	2	the	the	DET
faba-71	39	3	same	same	ADJ
faba-71	39	4	time	time	NOUN
faba-71	39	5	,	,	PUNCT
faba-71	39	6	the	the	DET
faba-71	39	7	speculator	speculator	NOUN
faba-71	39	8	bets	bet	NOUN
faba-71	39	9	that	that	PRON
faba-71	39	10	the	the	DET
faba-71	39	11	share	share	NOUN
faba-71	39	12	price	price	NOUN
faba-71	39	13	will	will	AUX
faba-71	39	14	rise	rise	VERB
faba-71	39	15	because	because	SCONJ
faba-71	39	16	someone	someone	PRON
faba-71	39	17	else	else	ADV
faba-71	39	18	is	be	AUX
faba-71	39	19	willing	willing	ADJ
faba-71	39	20	to	to	PART
faba-71	39	21	pay	pay	VERB
faba-71	39	22	even	even	ADV
faba-71	39	23	more	more	ADJ
faba-71	39	24	for	for	ADP
faba-71	39	25	it	it	PRON
faba-71	39	26	.	.	PUNCT
faba-71	40	1	as	as	SCONJ
faba-71	40	2	graham	graham	PROPN
faba-71	40	3	notes	note	VERB
faba-71	40	4	“	"	PUNCT
faba-71	40	5	investors	investor	NOUN
faba-71	40	6	judge	judge	VERB
faba-71	40	7	the	the	DET
faba-71	40	8	market	market	NOUN
faba-71	40	9	price	price	NOUN
faba-71	40	10	by	by	ADP
faba-71	40	11	established	establish	VERB
faba-71	40	12	standards	standard	NOUN
faba-71	40	13	of	of	ADP
faba-71	40	14	value	value	NOUN
faba-71	40	15	,	,	PUNCT
faba-71	40	16	while	while	SCONJ
faba-71	40	17	speculators	speculator	NOUN
faba-71	40	18	base	base	VERB
faba-71	40	19	their	their	PRON
faba-71	40	20	standards	standard	NOUN
faba-71	40	21	of	of	ADP
faba-71	40	22	value	value	NOUN
faba-71	40	23	upon	upon	SCONJ
faba-71	40	24	the	the	DET
faba-71	40	25	market	market	NOUN
faba-71	40	26	price	price	NOUN
faba-71	40	27	”	"	PUNCT
faba-71	40	28	(	(	PUNCT
faba-71	40	29	graham	graham	PROPN
faba-71	40	30	,	,	PUNCT
faba-71	40	31	b.	b.	PROPN
faba-71	40	32	,	,	PUNCT
faba-71	40	33	2006	2006	NUM
faba-71	40	34	)	)	PUNCT
faba-71	40	35	.	.	PUNCT
faba-71	41	1	this	this	PRON
faba-71	41	2	explains	explain	VERB
faba-71	41	3	the	the	DET
faba-71	41	4	statement	statement	NOUN
faba-71	41	5	regarding	regard	VERB
faba-71	41	6	capital	capital	NOUN
faba-71	41	7	market	market	NOUN
faba-71	41	8	players	player	NOUN
faba-71	41	9	:	:	PUNCT
faba-71	41	10	“	"	PUNCT
faba-71	41	11	value	value	NOUN
faba-71	41	12	is	be	AUX
faba-71	41	13	a	a	DET
faba-71	41	14	better	well	ADJ
faba-71	41	15	measure	measure	NOUN
faba-71	41	16	for	for	ADP
faba-71	41	17	investors	investor	NOUN
faba-71	41	18	,	,	PUNCT
faba-71	41	19	but	but	CCONJ
faba-71	41	20	price	price	NOUN
faba-71	41	21	matters	matter	NOUN
faba-71	41	22	more	more	ADV
faba-71	41	23	to	to	ADP
faba-71	41	24	traders	trader	NOUN
faba-71	41	25	”	"	PUNCT
faba-71	41	26	(	(	PUNCT
faba-71	41	27	little	little	PROPN
faba-71	41	28	,	,	PUNCT
faba-71	41	29	k.	k.	PROPN
faba-71	41	30	,	,	PUNCT
faba-71	41	31	2020	2020	NUM
faba-71	41	32	)	)	PUNCT
faba-71	41	33	.	.	PUNCT
faba-71	42	1	in	in	ADP
faba-71	42	2	this	this	DET
faba-71	42	3	sense	sense	NOUN
faba-71	42	4	,	,	PUNCT
faba-71	42	5	for	for	ADP
faba-71	42	6	the	the	DET
faba-71	42	7	speculator	speculator	NOUN
faba-71	42	8	,	,	PUNCT
faba-71	42	9	the	the	DET
faba-71	42	10	constant	constant	ADJ
faba-71	42	11	flow	flow	NOUN
faba-71	42	12	of	of	ADP
faba-71	42	13	quotations	quotation	NOUN
faba-71	42	14	on	on	ADP
faba-71	42	15	the	the	DET
faba-71	42	16	stock	stock	NOUN
faba-71	42	17	exchange	exchange	NOUN
faba-71	42	18	is	be	AUX
faba-71	42	19	like	like	ADP
faba-71	42	20	oxygen	oxygen	NOUN
faba-71	42	21	.	.	PUNCT
faba-71	43	1	if	if	SCONJ
faba-71	43	2	you	you	PRON
faba-71	43	3	cut	cut	VERB
faba-71	43	4	it	it	PRON
faba-71	43	5	off	off	ADP
faba-71	43	6	,	,	PUNCT
faba-71	43	7	he	he	PRON
faba-71	43	8	dies	die	VERB
faba-71	43	9	.	.	PUNCT
faba-71	44	1	at	at	ADP
faba-71	44	2	the	the	DET
faba-71	44	3	same	same	ADJ
faba-71	44	4	time	time	NOUN
faba-71	44	5	,	,	PUNCT
faba-71	44	6	for	for	ADP
faba-71	44	7	investors	investor	NOUN
faba-71	44	8	,	,	PUNCT
faba-71	44	9	these	these	DET
faba-71	44	10	stock	stock	NOUN
faba-71	44	11	quotes	quote	NOUN
faba-71	44	12	mean	mean	VERB
faba-71	44	13	almost	almost	ADV
faba-71	44	14	nothing	nothing	PRON
faba-71	44	15	(	(	PUNCT
faba-71	44	16	graham	graham	PROPN
faba-71	44	17	,	,	PUNCT
faba-71	44	18	b.	b.	PROPN
faba-71	44	19	,	,	PUNCT
faba-71	44	20	2006	2006	NUM
faba-71	44	21	)	)	PUNCT
faba-71	44	22	.	.	PUNCT
faba-71	45	1	moreover	moreover	ADV
faba-71	45	2	,	,	PUNCT
faba-71	45	3	warren	warren	PROPN
faba-71	45	4	buffett	buffett	PROPN
faba-71	45	5	likes	like	VERB
faba-71	45	6	to	to	PART
faba-71	45	7	say	say	VERB
faba-71	45	8	that	that	SCONJ
faba-71	45	9	when	when	SCONJ
faba-71	45	10	he	he	PRON
faba-71	45	11	has	have	VERB
faba-71	45	12	to	to	PART
faba-71	45	13	determine	determine	VERB
faba-71	45	14	the	the	DET
faba-71	45	15	actual	actual	ADJ
faba-71	45	16	value	value	NOUN
faba-71	45	17	of	of	ADP
faba-71	45	18	a	a	DET
faba-71	45	19	stock	stock	NOUN
faba-71	45	20	,	,	PUNCT
faba-71	45	21	he	he	PRON
faba-71	45	22	tries	try	VERB
faba-71	45	23	to	to	PART
faba-71	45	24	exclude	exclude	VERB
faba-71	45	25	himself	himself	PRON
faba-71	45	26	from	from	ADP
faba-71	45	27	any	any	DET
faba-71	45	28	information	information	NOUN
faba-71	45	29	about	about	ADP
faba-71	45	30	its	its	PRON
faba-71	45	31	market	market	NOUN
faba-71	45	32	price	price	NOUN
faba-71	45	33	,	,	PUNCT
faba-71	45	34	so	so	SCONJ
faba-71	45	35	that	that	SCONJ
faba-71	45	36	it	it	PRON
faba-71	45	37	does	do	AUX
faba-71	45	38	n’t	not	PART
faba-71	45	39	affect	affect	VERB
faba-71	45	40	the	the	DET
faba-71	45	41	valuation	valuation	NOUN
faba-71	45	42	process	process	NOUN
faba-71	45	43	(	(	PUNCT
faba-71	45	44	brush	brush	NOUN
faba-71	45	45	,	,	PUNCT
faba-71	45	46	2010	2010	NUM
faba-71	45	47	)	)	PUNCT
faba-71	45	48	.	.	PUNCT
faba-71	46	1	it	it	PRON
faba-71	46	2	is	be	AUX
faba-71	46	3	a	a	DET
faba-71	46	4	fact	fact	NOUN
faba-71	46	5	,	,	PUNCT
faba-71	46	6	however	however	ADV
faba-71	46	7	,	,	PUNCT
faba-71	46	8	that	that	SCONJ
faba-71	46	9	the	the	DET
faba-71	46	10	term	term	NOUN
faba-71	46	11	“	"	PUNCT
faba-71	46	12	investor	investor	NOUN
faba-71	46	13	”	"	PUNCT
faba-71	46	14	has	have	AUX
faba-71	46	15	been	be	AUX
faba-71	46	16	used	use	VERB
faba-71	46	17	too	too	ADV
faba-71	46	18	loosely	loosely	ADV
faba-71	46	19	in	in	ADP
faba-71	46	20	and	and	CCONJ
faba-71	46	21	out	out	ADP
faba-71	46	22	of	of	ADP
faba-71	46	23	wall	wall	PROPN
faba-71	46	24	street	street	PROPN
faba-71	46	25	,	,	PUNCT
faba-71	46	26	including	include	VERB
faba-71	46	27	anyone	anyone	PRON
faba-71	46	28	who	who	PRON
faba-71	46	29	is	be	AUX
faba-71	46	30	in	in	ADP
faba-71	46	31	the	the	DET
faba-71	46	32	stock	stock	NOUN
faba-71	46	33	market	market	NOUN
faba-71	46	34	.	.	PUNCT
faba-71	47	1	in	in	ADP
faba-71	47	2	other	other	ADJ
faba-71	47	3	words	word	NOUN
faba-71	47	4	,	,	PUNCT
faba-71	47	5	“	"	PUNCT
faba-71	47	6	anybody	anybody	PRON
faba-71	47	7	who	who	PRON
faba-71	47	8	buys	buy	VERB
faba-71	47	9	and	and	CCONJ
faba-71	47	10	sells	sell	VERB
faba-71	47	11	securities	security	NOUN
faba-71	47	12	has	have	AUX
faba-71	47	13	become	become	VERB
faba-71	47	14	an	an	DET
faba-71	47	15	investor	investor	NOUN
faba-71	47	16	,	,	PUNCT
faba-71	47	17	no	no	ADV
faba-71	47	18	matter	matter	ADV
faba-71	47	19	what	what	PRON
faba-71	47	20	he	he	PRON
faba-71	47	21	buys	buy	VERB
faba-71	47	22	,	,	PUNCT
faba-71	47	23	for	for	ADP
faba-71	47	24	what	what	DET
faba-71	47	25	purpose	purpose	NOUN
faba-71	47	26	,	,	PUNCT
faba-71	47	27	at	at	ADP
faba-71	47	28	what	what	DET
faba-71	47	29	price	price	NOUN
faba-71	47	30	,	,	PUNCT
faba-71	47	31	in	in	ADP
faba-71	47	32	cash	cash	NOUN
faba-71	47	33	or	or	CCONJ
faba-71	47	34	on	on	ADP
faba-71	47	35	margin	margin	NOUN
faba-71	47	36	”	"	PUNCT
faba-71	47	37	(	(	PUNCT
faba-71	47	38	graham	graham	PROPN
faba-71	47	39	,	,	PUNCT
faba-71	47	40	2006	2006	NUM
faba-71	47	41	)	)	PUNCT
faba-71	47	42	.	.	PUNCT
faba-71	48	1	there	there	PRON
faba-71	48	2	are	be	VERB
faba-71	48	3	factors	factor	NOUN
faba-71	48	4	which	which	PRON
faba-71	48	5	contribute	contribute	VERB
faba-71	48	6	for	for	ADP
faba-71	48	7	more	more	ADV
faba-71	48	8	active	active	ADJ
faba-71	48	9	speculation	speculation	NOUN
faba-71	48	10	and	and	CCONJ
faba-71	48	11	trading	trading	NOUN
faba-71	48	12	in	in	ADP
faba-71	48	13	the	the	DET
faba-71	48	14	stock	stock	NOUN
faba-71	48	15	market	market	NOUN
faba-71	48	16	dimiter	dimiter	NOUN
faba-71	48	17	nenkov	nenkov	PROPN
faba-71	48	18	/	/	SYM
faba-71	48	19	finance	finance	NOUN
faba-71	48	20	,	,	PUNCT
faba-71	48	21	accounting	accounting	NOUN
faba-71	48	22	and	and	CCONJ
faba-71	48	23	business	business	NOUN
faba-71	48	24	analysis	analysis	NOUN
faba-71	48	25	3	3	NUM
faba-71	48	26	(	(	PUNCT
faba-71	48	27	1	1	NUM
faba-71	48	28	)	)	PUNCT
faba-71	48	29	2021	2021	NUM
faba-71	48	30	58	58	NUM
faba-71	48	31	nowadays	nowadays	ADV
faba-71	48	32	.	.	PUNCT
faba-71	49	1	during	during	ADP
faba-71	49	2	the	the	DET
faba-71	49	3	covid-19	covid-19	PROPN
faba-71	49	4	pandemic	pandemic	NOUN
faba-71	49	5	among	among	ADP
faba-71	49	6	the	the	DET
faba-71	49	7	many	many	ADJ
faba-71	49	8	restrictions	restriction	NOUN
faba-71	49	9	there	there	PRON
faba-71	49	10	were	be	VERB
faba-71	49	11	those	those	PRON
faba-71	49	12	who	who	PRON
faba-71	49	13	affected	affect	VERB
faba-71	49	14	a	a	DET
faba-71	49	15	number	number	NOUN
faba-71	49	16	of	of	ADP
faba-71	49	17	gambling	gambling	NOUN
faba-71	49	18	activities	activity	NOUN
faba-71	49	19	as	as	ADV
faba-71	49	20	well	well	ADV
faba-71	49	21	.	.	PUNCT
faba-71	50	1	such	such	ADJ
faba-71	50	2	are	be	AUX
faba-71	50	3	,	,	PUNCT
faba-71	50	4	for	for	ADP
faba-71	50	5	example	example	NOUN
faba-71	50	6	,	,	PUNCT
faba-71	50	7	the	the	DET
faba-71	50	8	temporarily	temporarily	ADV
faba-71	50	9	closures	closure	NOUN
faba-71	50	10	of	of	ADP
faba-71	50	11	horse	horse	NOUN
faba-71	50	12	races	race	NOUN
faba-71	50	13	and	and	CCONJ
faba-71	50	14	casinos	casino	NOUN
faba-71	50	15	.	.	PUNCT
faba-71	51	1	according	accord	VERB
faba-71	51	2	to	to	ADP
faba-71	51	3	some	some	DET
faba-71	51	4	observers	observer	NOUN
faba-71	51	5	,	,	PUNCT
faba-71	51	6	part	part	NOUN
faba-71	51	7	of	of	ADP
faba-71	51	8	the	the	DET
faba-71	51	9	regular	regular	ADJ
faba-71	51	10	participants	participant	NOUN
faba-71	51	11	in	in	ADP
faba-71	51	12	these	these	DET
faba-71	51	13	activities	activity	NOUN
faba-71	51	14	redirected	redirect	VERB
faba-71	51	15	their	their	PRON
faba-71	51	16	attention	attention	NOUN
faba-71	51	17	to	to	ADP
faba-71	51	18	the	the	DET
faba-71	51	19	stock	stock	NOUN
faba-71	51	20	market	market	NOUN
faba-71	51	21	,	,	PUNCT
faba-71	51	22	where	where	SCONJ
faba-71	51	23	they	they	PRON
faba-71	51	24	could	could	AUX
faba-71	51	25	gamble	gamble	VERB
faba-71	51	26	practically	practically	ADV
faba-71	51	27	without	without	ADP
faba-71	51	28	such	such	ADJ
faba-71	51	29	restrictions	restriction	NOUN
faba-71	51	30	.	.	PUNCT
faba-71	52	1	on	on	ADP
faba-71	52	2	the	the	DET
faba-71	52	3	other	other	ADJ
faba-71	52	4	hand	hand	NOUN
faba-71	52	5	,	,	PUNCT
faba-71	52	6	an	an	DET
faba-71	52	7	increasing	increase	VERB
faba-71	52	8	number	number	NOUN
faba-71	52	9	of	of	ADP
faba-71	52	10	players	player	NOUN
faba-71	52	11	put	put	VERB
faba-71	52	12	money	money	NOUN
faba-71	52	13	in	in	ADP
faba-71	52	14	the	the	DET
faba-71	52	15	stock	stock	NOUN
faba-71	52	16	market	market	NOUN
faba-71	52	17	quickly	quickly	ADV
faba-71	52	18	and	and	CCONJ
faba-71	52	19	very	very	ADV
faba-71	52	20	conveniently	conveniently	ADV
faba-71	52	21	,	,	PUNCT
faba-71	52	22	facilitated	facilitate	VERB
faba-71	52	23	by	by	ADP
faba-71	52	24	different	different	ADJ
faba-71	52	25	electronic	electronic	ADJ
faba-71	52	26	platforms	platform	NOUN
faba-71	52	27	designed	design	VERB
faba-71	52	28	for	for	ADP
faba-71	52	29	this	this	DET
faba-71	52	30	purpose	purpose	NOUN
faba-71	52	31	.	.	PUNCT
faba-71	53	1	in	in	ADP
faba-71	53	2	the	the	DET
faba-71	53	3	third	third	ADJ
faba-71	53	4	place	place	NOUN
faba-71	53	5	,	,	PUNCT
faba-71	53	6	the	the	DET
faba-71	53	7	dynamic	dynamic	ADJ
faba-71	53	8	situation	situation	NOUN
faba-71	53	9	and	and	CCONJ
faba-71	53	10	the	the	DET
faba-71	53	11	dramatic	dramatic	ADJ
faba-71	53	12	moves	move	NOUN
faba-71	53	13	in	in	ADP
faba-71	53	14	the	the	DET
faba-71	53	15	markets	market	NOUN
faba-71	53	16	during	during	ADP
faba-71	53	17	the	the	DET
faba-71	53	18	pandemic	pandemic	ADJ
faba-71	53	19	2020	2020	NUM
faba-71	53	20	additionally	additionally	ADV
faba-71	53	21	attracted	attract	VERB
faba-71	53	22	the	the	DET
faba-71	53	23	attention	attention	NOUN
faba-71	53	24	of	of	ADP
faba-71	53	25	new	new	ADJ
faba-71	53	26	potential	potential	ADJ
faba-71	53	27	players	player	NOUN
faba-71	53	28	,	,	PUNCT
faba-71	53	29	predominantly	predominantly	ADV
faba-71	53	30	inexperienced	inexperienced	ADJ
faba-71	53	31	speculators	speculator	NOUN
faba-71	53	32	and	and	CCONJ
faba-71	53	33	traders	trader	NOUN
faba-71	53	34	.	.	PUNCT
faba-71	54	1	the	the	DET
faba-71	54	2	question	question	NOUN
faba-71	54	3	which	which	DET
faba-71	54	4	strategies	strategy	NOUN
faba-71	54	5	are	be	AUX
faba-71	54	6	more	more	ADV
faba-71	54	7	successful	successful	ADJ
faba-71	54	8	in	in	ADP
faba-71	54	9	the	the	DET
faba-71	54	10	stock	stock	NOUN
faba-71	54	11	market	market	NOUN
faba-71	54	12	–	–	PUNCT
faba-71	54	13	the	the	DET
faba-71	54	14	investment	investment	NOUN
faba-71	54	15	type	type	NOUN
faba-71	54	16	of	of	ADP
faba-71	54	17	strategies	strategy	NOUN
faba-71	54	18	,	,	PUNCT
faba-71	54	19	involving	involve	VERB
faba-71	54	20	thorough	thorough	ADJ
faba-71	54	21	analysis	analysis	NOUN
faba-71	54	22	and	and	CCONJ
faba-71	54	23	valuation	valuation	NOUN
faba-71	54	24	,	,	PUNCT
faba-71	54	25	or	or	CCONJ
faba-71	54	26	the	the	DET
faba-71	54	27	trading	trading	NOUN
faba-71	54	28	-	-	PUNCT
faba-71	54	29	based	base	VERB
faba-71	54	30	strategies	strategy	NOUN
faba-71	54	31	,	,	PUNCT
faba-71	54	32	involving	involve	VERB
faba-71	54	33	continuous	continuous	ADJ
faba-71	54	34	buying	buying	NOUN
faba-71	54	35	and	and	CCONJ
faba-71	54	36	selling	selling	NOUN
faba-71	54	37	of	of	ADP
faba-71	54	38	stocks	stock	NOUN
faba-71	54	39	,	,	PUNCT
faba-71	54	40	will	will	AUX
faba-71	54	41	continue	continue	VERB
faba-71	54	42	to	to	PART
faba-71	54	43	be	be	AUX
faba-71	54	44	of	of	ADP
faba-71	54	45	high	high	ADJ
faba-71	54	46	interest	interest	NOUN
faba-71	54	47	in	in	ADP
faba-71	54	48	the	the	DET
faba-71	54	49	future	future	NOUN
faba-71	54	50	.	.	PUNCT
faba-71	55	1	the	the	DET
faba-71	55	2	reason	reason	NOUN
faba-71	55	3	is	be	AUX
faba-71	55	4	that	that	SCONJ
faba-71	55	5	numerous	numerous	ADJ
faba-71	55	6	studies	study	NOUN
faba-71	55	7	have	have	AUX
faba-71	55	8	been	be	AUX
faba-71	55	9	made	make	VERB
faba-71	55	10	in	in	ADP
faba-71	55	11	historical	historical	ADJ
faba-71	55	12	terms	term	NOUN
faba-71	55	13	on	on	ADP
faba-71	55	14	the	the	DET
faba-71	55	15	successes	success	NOUN
faba-71	55	16	and	and	CCONJ
faba-71	55	17	failures	failure	NOUN
faba-71	55	18	of	of	ADP
faba-71	55	19	the	the	DET
faba-71	55	20	different	different	ADJ
faba-71	55	21	approaches	approach	NOUN
faba-71	55	22	,	,	PUNCT
faba-71	55	23	but	but	CCONJ
faba-71	55	24	most	most	ADJ
faba-71	55	25	of	of	ADP
faba-71	55	26	them	they	PRON
faba-71	55	27	have	have	AUX
faba-71	55	28	arrived	arrive	VERB
faba-71	55	29	at	at	ADP
faba-71	55	30	ambiguous	ambiguous	ADJ
faba-71	55	31	conclusions	conclusion	NOUN
faba-71	55	32	(	(	PUNCT
faba-71	55	33	malkiel	malkiel	PROPN
faba-71	55	34	,	,	PUNCT
faba-71	55	35	b.	b.	PROPN
faba-71	55	36	,	,	PUNCT
faba-71	55	37	2015	2015	NUM
faba-71	55	38	)	)	PUNCT
faba-71	55	39	.	.	PUNCT
faba-71	56	1	this	this	DET
faba-71	56	2	kind	kind	NOUN
faba-71	56	3	of	of	ADP
faba-71	56	4	studies	study	NOUN
faba-71	56	5	continue	continue	VERB
faba-71	56	6	nowadays	nowadays	ADV
faba-71	56	7	,	,	PUNCT
faba-71	56	8	and	and	CCONJ
faba-71	56	9	obviously	obviously	ADV
faba-71	56	10	they	they	PRON
faba-71	56	11	will	will	AUX
faba-71	56	12	continue	continue	VERB
faba-71	56	13	in	in	ADP
faba-71	56	14	the	the	DET
faba-71	56	15	future	future	NOUN
faba-71	56	16	.	.	PUNCT
faba-71	57	1	since	since	SCONJ
faba-71	57	2	the	the	DET
faba-71	57	3	emergence	emergence	NOUN
faba-71	57	4	of	of	ADP
faba-71	57	5	capital	capital	NOUN
faba-71	57	6	markets	market	NOUN
faba-71	57	7	,	,	PUNCT
faba-71	57	8	one	one	NUM
faba-71	57	9	of	of	ADP
faba-71	57	10	the	the	DET
faba-71	57	11	most	most	ADV
faba-71	57	12	recurring	recur	VERB
faba-71	57	13	topics	topic	NOUN
faba-71	57	14	of	of	ADP
faba-71	57	15	debate	debate	NOUN
faba-71	57	16	has	have	AUX
faba-71	57	17	been	be	AUX
faba-71	57	18	the	the	DET
faba-71	57	19	financial	financial	ADJ
faba-71	57	20	success	success	NOUN
faba-71	57	21	of	of	ADP
faba-71	57	22	one	one	NUM
faba-71	57	23	or	or	CCONJ
faba-71	57	24	another	another	DET
faba-71	57	25	player	player	NOUN
faba-71	57	26	.	.	PUNCT
faba-71	58	1	when	when	SCONJ
faba-71	58	2	commenting	comment	VERB
faba-71	58	3	on	on	ADP
faba-71	58	4	the	the	DET
faba-71	58	5	impressive	impressive	ADJ
faba-71	58	6	achievements	achievement	NOUN
faba-71	58	7	of	of	ADP
faba-71	58	8	investors	investor	NOUN
faba-71	58	9	such	such	ADJ
faba-71	58	10	as	as	ADP
faba-71	58	11	warren	warren	PROPN
faba-71	58	12	buffett	buffett	PROPN
faba-71	58	13	and	and	CCONJ
faba-71	58	14	other	other	ADJ
faba-71	58	15	well	well	ADV
faba-71	58	16	-	-	PUNCT
faba-71	58	17	known	know	VERB
faba-71	58	18	fund	fund	NOUN
faba-71	58	19	managers	manager	NOUN
faba-71	58	20	,	,	PUNCT
faba-71	58	21	some	some	DET
faba-71	58	22	people	people	NOUN
faba-71	58	23	say	say	VERB
faba-71	58	24	that	that	SCONJ
faba-71	58	25	they	they	PRON
faba-71	58	26	are	be	AUX
faba-71	58	27	mostly	mostly	ADV
faba-71	58	28	(	(	PUNCT
faba-71	58	29	or	or	CCONJ
faba-71	58	30	even	even	ADV
faba-71	58	31	entirely	entirely	ADV
faba-71	58	32	)	)	PUNCT
faba-71	58	33	due	due	ADP
faba-71	58	34	to	to	ADP
faba-71	58	35	luck	luck	VERB
faba-71	58	36	,	,	PUNCT
faba-71	58	37	while	while	SCONJ
faba-71	58	38	others	other	NOUN
faba-71	58	39	say	say	VERB
faba-71	58	40	that	that	SCONJ
faba-71	58	41	they	they	PRON
faba-71	58	42	are	be	AUX
faba-71	58	43	the	the	DET
faba-71	58	44	results	result	NOUN
faba-71	58	45	of	of	ADP
faba-71	58	46	the	the	DET
faba-71	58	47	exceptional	exceptional	ADJ
faba-71	58	48	skills	skill	NOUN
faba-71	58	49	of	of	ADP
faba-71	58	50	these	these	DET
faba-71	58	51	individuals	individual	NOUN
faba-71	58	52	.	.	PUNCT
faba-71	59	1	one	one	NUM
faba-71	59	2	interesting	interesting	ADJ
faba-71	59	3	study	study	NOUN
faba-71	59	4	,	,	PUNCT
faba-71	59	5	made	make	VERB
faba-71	59	6	by	by	ADP
faba-71	59	7	michael	michael	PROPN
faba-71	59	8	mauboussin	mauboussin	PROPN
faba-71	59	9	(	(	PUNCT
faba-71	59	10	mauboussin	mauboussin	PROPN
faba-71	59	11	,	,	PUNCT
faba-71	59	12	m.	m.	NOUN
faba-71	59	13	,	,	PUNCT
faba-71	59	14	2012	2012	NUM
faba-71	59	15	)	)	PUNCT
faba-71	59	16	,	,	PUNCT
faba-71	59	17	attempts	attempt	VERB
faba-71	59	18	to	to	PART
faba-71	59	19	explain	explain	VERB
faba-71	59	20	the	the	DET
faba-71	59	21	role	role	NOUN
faba-71	59	22	of	of	ADP
faba-71	59	23	skills	skill	NOUN
faba-71	59	24	and	and	CCONJ
faba-71	59	25	luck	luck	NOUN
faba-71	59	26	in	in	ADP
faba-71	59	27	the	the	DET
faba-71	59	28	final	final	ADJ
faba-71	59	29	outcomes	outcome	NOUN
faba-71	59	30	for	for	ADP
faba-71	59	31	different	different	ADJ
faba-71	59	32	activities	activity	NOUN
faba-71	59	33	,	,	PUNCT
faba-71	59	34	predominantly	predominantly	ADV
faba-71	59	35	sports	sport	NOUN
faba-71	59	36	.	.	PUNCT
faba-71	60	1	the	the	DET
faba-71	60	2	findings	finding	NOUN
faba-71	60	3	of	of	ADP
faba-71	60	4	the	the	DET
faba-71	60	5	study	study	NOUN
faba-71	60	6	place	place	NOUN
faba-71	60	7	investing	invest	VERB
faba-71	60	8	immediately	immediately	ADV
faba-71	60	9	next	next	ADV
faba-71	60	10	to	to	ADP
faba-71	60	11	gambling	gambling	NOUN
faba-71	60	12	activities	activity	NOUN
faba-71	60	13	,	,	PUNCT
faba-71	60	14	such	such	ADJ
faba-71	60	15	as	as	ADP
faba-71	60	16	roulettes	roulette	NOUN
faba-71	60	17	and	and	CCONJ
faba-71	60	18	slot	slot	NOUN
faba-71	60	19	machines	machine	NOUN
faba-71	60	20	(	(	PUNCT
faba-71	60	21	mauboussin	mauboussin	NOUN
faba-71	60	22	,	,	PUNCT
faba-71	60	23	m.	m.	NOUN
faba-71	60	24	,	,	PUNCT
faba-71	60	25	2012	2012	NUM
faba-71	60	26	)	)	PUNCT
faba-71	60	27	.	.	PUNCT
faba-71	61	1	in	in	ADP
faba-71	61	2	other	other	ADJ
faba-71	61	3	words	word	NOUN
faba-71	61	4	,	,	PUNCT
faba-71	61	5	provided	provide	VERB
faba-71	61	6	that	that	SCONJ
faba-71	61	7	the	the	DET
faba-71	61	8	conclusions	conclusion	NOUN
faba-71	61	9	of	of	ADP
faba-71	61	10	mauboussin	mauboussin	PROPN
faba-71	61	11	’s	’s	PART
faba-71	61	12	study	study	NOUN
faba-71	61	13	are	be	AUX
faba-71	61	14	right	right	ADJ
faba-71	61	15	,	,	PUNCT
faba-71	61	16	the	the	DET
faba-71	61	17	financial	financial	ADJ
faba-71	61	18	success	success	NOUN
faba-71	61	19	from	from	ADP
faba-71	61	20	investing	invest	VERB
faba-71	61	21	in	in	ADP
faba-71	61	22	the	the	DET
faba-71	61	23	stock	stock	NOUN
faba-71	61	24	markets	market	NOUN
faba-71	61	25	should	should	AUX
faba-71	61	26	be	be	AUX
faba-71	61	27	explained	explain	VERB
faba-71	61	28	almost	almost	ADV
faba-71	61	29	entirely	entirely	ADV
faba-71	61	30	with	with	ADP
faba-71	61	31	good	good	ADJ
faba-71	61	32	luck	luck	NOUN
faba-71	61	33	.	.	PUNCT
faba-71	62	1	this	this	PRON
faba-71	62	2	looks	look	VERB
faba-71	62	3	very	very	ADV
faba-71	62	4	discouraging	discouraging	ADJ
faba-71	62	5	for	for	ADP
faba-71	62	6	investors	investor	NOUN
faba-71	62	7	,	,	PUNCT
faba-71	62	8	who	who	PRON
faba-71	62	9	try	try	VERB
faba-71	62	10	to	to	PART
faba-71	62	11	beat	beat	VERB
faba-71	62	12	the	the	DET
faba-71	62	13	market	market	NOUN
faba-71	62	14	,	,	PUNCT
faba-71	62	15	relying	rely	VERB
faba-71	62	16	upon	upon	SCONJ
faba-71	62	17	their	their	PRON
faba-71	62	18	own	own	ADJ
faba-71	62	19	skills	skill	NOUN
faba-71	62	20	,	,	PUNCT
faba-71	62	21	or	or	CCONJ
faba-71	62	22	the	the	DET
faba-71	62	23	skills	skill	NOUN
faba-71	62	24	of	of	ADP
faba-71	62	25	their	their	PRON
faba-71	62	26	consulting	consulting	NOUN
faba-71	62	27	analysts	analyst	NOUN
faba-71	62	28	.	.	PUNCT
faba-71	63	1	it	it	PRON
faba-71	63	2	may	may	AUX
faba-71	63	3	be	be	AUX
faba-71	63	4	quite	quite	ADV
faba-71	63	5	demotivating	demotivate	VERB
faba-71	63	6	for	for	ADP
faba-71	63	7	people	people	NOUN
faba-71	63	8	investing	invest	VERB
faba-71	63	9	much	much	ADJ
faba-71	63	10	efforts	effort	NOUN
faba-71	63	11	while	while	SCONJ
faba-71	63	12	striving	strive	VERB
faba-71	63	13	for	for	ADP
faba-71	63	14	excellence	excellence	NOUN
faba-71	63	15	in	in	ADP
faba-71	63	16	valuation	valuation	NOUN
faba-71	63	17	.	.	PUNCT
faba-71	64	1	still	still	ADV
faba-71	64	2	,	,	PUNCT
faba-71	64	3	the	the	DET
faba-71	64	4	question	question	NOUN
faba-71	64	5	remains	remain	VERB
faba-71	64	6	whether	whether	SCONJ
faba-71	64	7	there	there	PRON
faba-71	64	8	are	be	VERB
faba-71	64	9	strategies	strategy	NOUN
faba-71	64	10	that	that	PRON
faba-71	64	11	can	can	AUX
faba-71	64	12	consistently	consistently	ADV
faba-71	64	13	beat	beat	VERB
faba-71	64	14	the	the	DET
faba-71	64	15	market	market	NOUN
faba-71	64	16	,	,	PUNCT
faba-71	64	17	not	not	PART
faba-71	64	18	by	by	ADP
faba-71	64	19	chance	chance	NOUN
faba-71	64	20	(	(	PUNCT
faba-71	64	21	luck	luck	NOUN
faba-71	64	22	)	)	PUNCT
faba-71	64	23	,	,	PUNCT
faba-71	64	24	but	but	CCONJ
faba-71	64	25	as	as	ADP
faba-71	64	26	a	a	DET
faba-71	64	27	result	result	NOUN
faba-71	64	28	of	of	ADP
faba-71	64	29	players	player	NOUN
faba-71	64	30	’	'	PUNCT
faba-71	64	31	skills	skill	NOUN
faba-71	64	32	.	.	PUNCT
faba-71	65	1	another	another	DET
faba-71	65	2	reason	reason	NOUN
faba-71	65	3	for	for	ADP
faba-71	65	4	the	the	DET
faba-71	65	5	debate	debate	NOUN
faba-71	65	6	whether	whether	SCONJ
faba-71	65	7	the	the	DET
faba-71	65	8	stock	stock	NOUN
faba-71	65	9	market	market	NOUN
faba-71	65	10	is	be	AUX
faba-71	65	11	undervalued	undervalue	VERB
faba-71	65	12	,	,	PUNCT
faba-71	65	13	overvalued	overvalued	ADJ
faba-71	65	14	or	or	CCONJ
faba-71	65	15	fairly	fairly	ADV
faba-71	65	16	valued	value	VERB
faba-71	65	17	,	,	PUNCT
faba-71	65	18	is	be	AUX
faba-71	65	19	that	that	SCONJ
faba-71	65	20	the	the	DET
faba-71	65	21	true	true	ADJ
faba-71	65	22	value	value	NOUN
faba-71	65	23	of	of	ADP
faba-71	65	24	each	each	DET
faba-71	65	25	stock	stock	NOUN
faba-71	65	26	is	be	AUX
faba-71	65	27	hidden	hide	VERB
faba-71	65	28	,	,	PUNCT
faba-71	65	29	invisible	invisible	ADJ
faba-71	65	30	,	,	PUNCT
faba-71	65	31	intangible	intangible	ADJ
faba-71	65	32	.	.	PUNCT
faba-71	66	1	the	the	DET
faba-71	66	2	market	market	NOUN
faba-71	66	3	determines	determine	VERB
faba-71	66	4	the	the	DET
faba-71	66	5	price	price	NOUN
faba-71	66	6	of	of	ADP
faba-71	66	7	an	an	DET
faba-71	66	8	asset	asset	NOUN
faba-71	66	9	,	,	PUNCT
faba-71	66	10	which	which	PRON
faba-71	66	11	is	be	AUX
faba-71	66	12	supposed	suppose	VERB
faba-71	66	13	to	to	PART
faba-71	66	14	be	be	AUX
faba-71	66	15	representative	representative	NOUN
faba-71	66	16	of	of	ADP
faba-71	66	17	its	its	PRON
faba-71	66	18	value	value	NOUN
faba-71	66	19	,	,	PUNCT
faba-71	66	20	but	but	CCONJ
faba-71	66	21	price	price	NOUN
faba-71	66	22	and	and	CCONJ
faba-71	66	23	value	value	NOUN
faba-71	66	24	are	be	AUX
faba-71	66	25	different	different	ADJ
faba-71	66	26	most	most	ADJ
faba-71	66	27	of	of	ADP
faba-71	66	28	the	the	DET
faba-71	66	29	time	time	NOUN
faba-71	66	30	.	.	PUNCT
faba-71	67	1	according	accord	VERB
faba-71	67	2	to	to	ADP
faba-71	67	3	one	one	NUM
faba-71	67	4	widely	widely	ADV
faba-71	67	5	accepted	accept	VERB
faba-71	67	6	definition	definition	NOUN
faba-71	67	7	,	,	PUNCT
faba-71	67	8	the	the	DET
faba-71	67	9	value	value	NOUN
faba-71	67	10	of	of	ADP
faba-71	67	11	a	a	DET
faba-71	67	12	company	company	NOUN
faba-71	67	13	(	(	PUNCT
faba-71	67	14	and	and	CCONJ
faba-71	67	15	its	its	PRON
faba-71	67	16	stocks	stock	NOUN
faba-71	67	17	)	)	PUNCT
faba-71	67	18	in	in	ADP
faba-71	67	19	general	general	ADJ
faba-71	67	20	,	,	PUNCT
faba-71	67	21	is	be	AUX
faba-71	67	22	the	the	DET
faba-71	67	23	price	price	NOUN
faba-71	67	24	recognized	recognize	VERB
faba-71	67	25	in	in	ADP
faba-71	67	26	an	an	DET
faba-71	67	27	arm’s	arm’s	NUM
faba-71	67	28	-	-	PUNCT
faba-71	67	29	length	length	NOUN
faba-71	67	30	transaction	transaction	NOUN
faba-71	67	31	by	by	ADP
faba-71	67	32	a	a	DET
faba-71	67	33	free	free	ADJ
faba-71	67	34	market	market	NOUN
faba-71	67	35	,	,	PUNCT
faba-71	67	36	in	in	ADP
faba-71	67	37	the	the	DET
faba-71	67	38	conditions	condition	NOUN
faba-71	67	39	of	of	ADP
faba-71	67	40	equilibrium	equilibrium	NOUN
faba-71	67	41	between	between	ADP
faba-71	67	42	supply	supply	NOUN
faba-71	67	43	and	and	CCONJ
faba-71	67	44	demand	demand	NOUN
faba-71	67	45	,	,	PUNCT
faba-71	67	46	when	when	SCONJ
faba-71	67	47	buyer	buyer	NOUN
faba-71	67	48	and	and	CCONJ
faba-71	67	49	seller	seller	NOUN
faba-71	67	50	have	have	VERB
faba-71	67	51	the	the	DET
faba-71	67	52	necessary	necessary	ADJ
faba-71	67	53	information	information	NOUN
faba-71	67	54	for	for	ADP
faba-71	67	55	this	this	DET
faba-71	67	56	company	company	NOUN
faba-71	67	57	,	,	PUNCT
faba-71	67	58	when	when	SCONJ
faba-71	67	59	buyer	buyer	NOUN
faba-71	67	60	and	and	CCONJ
faba-71	67	61	seller	seller	NOUN
faba-71	67	62	act	act	NOUN
faba-71	67	63	rationally	rationally	ADV
faba-71	67	64	,	,	PUNCT
faba-71	67	65	when	when	SCONJ
faba-71	67	66	buyer	buyer	NOUN
faba-71	67	67	and	and	CCONJ
faba-71	67	68	seller	seller	NOUN
faba-71	67	69	act	act	NOUN
faba-71	67	70	without	without	ADP
faba-71	67	71	coercion	coercion	NOUN
faba-71	67	72	.	.	PUNCT
faba-71	68	1	in	in	ADP
faba-71	68	2	other	other	ADJ
faba-71	68	3	words	word	NOUN
faba-71	68	4	,	,	PUNCT
faba-71	68	5	it	it	PRON
faba-71	68	6	is	be	AUX
faba-71	68	7	the	the	DET
faba-71	68	8	job	job	NOUN
faba-71	68	9	of	of	ADP
faba-71	68	10	the	the	DET
faba-71	68	11	market	market	NOUN
faba-71	68	12	to	to	PART
faba-71	68	13	determine	determine	VERB
faba-71	68	14	the	the	DET
faba-71	68	15	value	value	NOUN
faba-71	68	16	of	of	ADP
faba-71	68	17	stocks	stock	NOUN
faba-71	68	18	.	.	PUNCT
faba-71	69	1	however	however	ADV
faba-71	69	2	,	,	PUNCT
faba-71	69	3	the	the	DET
faba-71	69	4	definition	definition	NOUN
faba-71	69	5	clearly	clearly	ADV
faba-71	69	6	implies	imply	VERB
faba-71	69	7	that	that	SCONJ
faba-71	69	8	the	the	DET
faba-71	69	9	price	price	NOUN
faba-71	69	10	awarded	award	VERB
faba-71	69	11	by	by	ADP
faba-71	69	12	the	the	DET
faba-71	69	13	market	market	NOUN
faba-71	69	14	to	to	ADP
faba-71	69	15	a	a	DET
faba-71	69	16	common	common	ADJ
faba-71	69	17	stock	stock	NOUN
faba-71	69	18	is	be	AUX
faba-71	69	19	supposed	suppose	VERB
faba-71	69	20	to	to	PART
faba-71	69	21	represent	represent	VERB
faba-71	69	22	its	its	PRON
faba-71	69	23	true	true	ADJ
faba-71	69	24	value	value	NOUN
faba-71	69	25	only	only	ADV
faba-71	69	26	if	if	SCONJ
faba-71	69	27	a	a	DET
faba-71	69	28	number	number	NOUN
faba-71	69	29	of	of	ADP
faba-71	69	30	conditions	condition	NOUN
faba-71	69	31	are	be	AUX
faba-71	69	32	met	meet	VERB
faba-71	69	33	.	.	PUNCT
faba-71	70	1	these	these	PRON
faba-71	70	2	include	include	VERB
faba-71	70	3	:	:	PUNCT
faba-71	70	4	a	a	DET
faba-71	70	5	free	free	ADJ
faba-71	70	6	market	market	NOUN
faba-71	70	7	;	;	PUNCT
faba-71	70	8	equilibrium	equilibrium	NOUN
faba-71	70	9	between	between	ADP
faba-71	70	10	supply	supply	NOUN
faba-71	70	11	and	and	CCONJ
faba-71	70	12	demand	demand	NOUN
faba-71	70	13	;	;	PUNCT
faba-71	70	14	buyer	buyer	NOUN
faba-71	70	15	and	and	CCONJ
faba-71	70	16	seller	seller	NOUN
faba-71	70	17	have	have	VERB
faba-71	70	18	the	the	DET
faba-71	70	19	necessary	necessary	ADJ
faba-71	70	20	information	information	NOUN
faba-71	70	21	;	;	PUNCT
faba-71	70	22	buyer	buyer	NOUN
faba-71	70	23	and	and	CCONJ
faba-71	70	24	seller	seller	NOUN
faba-71	70	25	act	act	NOUN
faba-71	70	26	rationally	rationally	ADV
faba-71	70	27	;	;	PUNCT
faba-71	70	28	buyer	buyer	NOUN
faba-71	70	29	and	and	CCONJ
faba-71	70	30	seller	seller	NOUN
faba-71	70	31	act	act	NOUN
faba-71	70	32	without	without	ADP
faba-71	70	33	coercion	coercion	NOUN
faba-71	70	34	;	;	PUNCT
faba-71	70	35	…	…	PUNCT
faba-71	70	36	(	(	PUNCT
faba-71	70	37	the	the	DET
faba-71	70	38	list	list	NOUN
faba-71	70	39	of	of	ADP
faba-71	70	40	conditions	condition	NOUN
faba-71	70	41	could	could	AUX
faba-71	70	42	eventually	eventually	ADV
faba-71	70	43	be	be	AUX
faba-71	70	44	continued	continue	VERB
faba-71	70	45	)	)	PUNCT
faba-71	70	46	.	.	PUNCT
faba-71	71	1	if	if	SCONJ
faba-71	71	2	one	one	NUM
faba-71	71	3	or	or	CCONJ
faba-71	71	4	more	more	ADJ
faba-71	71	5	of	of	ADP
faba-71	71	6	the	the	DET
faba-71	71	7	above	above	ADJ
faba-71	71	8	conditions	condition	NOUN
faba-71	71	9	are	be	AUX
faba-71	71	10	not	not	PART
faba-71	71	11	met	meet	VERB
faba-71	71	12	,	,	PUNCT
faba-71	71	13	this	this	PRON
faba-71	71	14	is	be	AUX
faba-71	71	15	a	a	DET
faba-71	71	16	prerequisite	prerequisite	NOUN
faba-71	71	17	for	for	ADP
faba-71	71	18	the	the	DET
faba-71	71	19	market	market	NOUN
faba-71	71	20	price	price	NOUN
faba-71	71	21	of	of	ADP
faba-71	71	22	a	a	DET
faba-71	71	23	stock	stock	NOUN
faba-71	71	24	to	to	PART
faba-71	71	25	deviate	deviate	VERB
faba-71	71	26	from	from	ADP
faba-71	71	27	its	its	PRON
faba-71	71	28	actual	actual	ADJ
faba-71	71	29	value	value	NOUN
faba-71	71	30	.	.	PUNCT
faba-71	72	1	most	most	ADJ
faba-71	72	2	people	people	NOUN
faba-71	72	3	,	,	PUNCT
faba-71	72	4	involved	involve	VERB
faba-71	72	5	in	in	ADP
faba-71	72	6	the	the	DET
faba-71	72	7	activities	activity	NOUN
faba-71	72	8	and	and	CCONJ
faba-71	72	9	processes	process	NOUN
faba-71	72	10	of	of	ADP
faba-71	72	11	the	the	DET
faba-71	72	12	stock	stock	NOUN
faba-71	72	13	market	market	NOUN
faba-71	72	14	,	,	PUNCT
faba-71	72	15	would	would	AUX
faba-71	72	16	agree	agree	VERB
faba-71	72	17	that	that	SCONJ
faba-71	72	18	in	in	ADP
faba-71	72	19	reality	reality	NOUN
faba-71	72	20	these	these	DET
faba-71	72	21	conditions	condition	NOUN
faba-71	72	22	are	be	AUX
faba-71	72	23	almost	almost	ADV
faba-71	72	24	never	never	ADV
faba-71	72	25	met	meet	VERB
faba-71	72	26	at	at	ADP
faba-71	72	27	100	100	NUM
faba-71	72	28	%	%	NOUN
faba-71	72	29	,	,	PUNCT
faba-71	72	30	even	even	ADV
faba-71	72	31	in	in	ADP
faba-71	72	32	the	the	DET
faba-71	72	33	most	most	ADV
faba-71	72	34	efficient	efficient	ADJ
faba-71	72	35	capital	capital	NOUN
faba-71	72	36	markets	market	NOUN
faba-71	72	37	.	.	PUNCT
faba-71	73	1	the	the	PRON
faba-71	73	2	less	less	ADJ
faba-71	73	3	these	these	DET
faba-71	73	4	conditions	condition	NOUN
faba-71	73	5	are	be	AUX
faba-71	73	6	met	meet	VERB
faba-71	73	7	,	,	PUNCT
faba-71	73	8	the	the	DET
faba-71	73	9	higher	high	ADJ
faba-71	73	10	would	would	AUX
faba-71	73	11	be	be	AUX
faba-71	73	12	the	the	DET
faba-71	73	13	difference	difference	NOUN
faba-71	73	14	between	between	ADP
faba-71	73	15	price	price	NOUN
faba-71	73	16	and	and	CCONJ
faba-71	73	17	value	value	NOUN
faba-71	73	18	(	(	PUNCT
faba-71	73	19	the	the	DET
faba-71	73	20	value	value	NOUN
faba-71	73	21	gap	gap	NOUN
faba-71	73	22	)	)	PUNCT
faba-71	73	23	.	.	PUNCT
faba-71	74	1	this	this	PRON
faba-71	74	2	explains	explain	VERB
faba-71	74	3	why	why	SCONJ
faba-71	74	4	the	the	DET
faba-71	74	5	market	market	NOUN
faba-71	74	6	itself	itself	PRON
faba-71	74	7	also	also	ADV
faba-71	74	8	periodically	periodically	ADV
faba-71	74	9	fails	fail	VERB
faba-71	74	10	in	in	ADP
faba-71	74	11	determining	determine	VERB
faba-71	74	12	the	the	DET
faba-71	74	13	true	true	ADJ
faba-71	74	14	value	value	NOUN
faba-71	74	15	of	of	ADP
faba-71	74	16	stocks	stock	NOUN
faba-71	74	17	.	.	PUNCT
faba-71	75	1	this	this	PRON
faba-71	75	2	is	be	AUX
faba-71	75	3	why	why	SCONJ
faba-71	75	4	significant	significant	ADJ
faba-71	75	5	efforts	effort	NOUN
faba-71	75	6	and	and	CCONJ
faba-71	75	7	costs	cost	NOUN
faba-71	75	8	are	be	AUX
faba-71	75	9	made	make	VERB
faba-71	75	10	by	by	ADP
faba-71	75	11	many	many	ADJ
faba-71	75	12	analysts	analyst	NOUN
faba-71	75	13	and	and	CCONJ
faba-71	75	14	investors	investor	NOUN
faba-71	75	15	for	for	ADP
faba-71	75	16	parallel	parallel	ADJ
faba-71	75	17	,	,	PUNCT
faba-71	75	18	independent	independent	ADJ
faba-71	75	19	valuation	valuation	NOUN
faba-71	75	20	of	of	ADP
faba-71	75	21	stocks	stock	NOUN
faba-71	75	22	.	.	PUNCT
faba-71	76	1	performance	performance	NOUN
faba-71	76	2	of	of	ADP
faba-71	76	3	some	some	DET
faba-71	76	4	major	major	ADJ
faba-71	76	5	us	us	PROPN
faba-71	76	6	indexes	index	NOUN
faba-71	76	7	during	during	ADP
faba-71	76	8	the	the	DET
faba-71	76	9	last	last	ADJ
faba-71	76	10	two	two	NUM
faba-71	76	11	decades	decade	NOUN
faba-71	76	12	something	something	PRON
faba-71	76	13	which	which	PRON
faba-71	76	14	makes	make	VERB
faba-71	76	15	impression	impression	NOUN
faba-71	76	16	to	to	ADP
faba-71	76	17	people	people	NOUN
faba-71	76	18	following	follow	VERB
faba-71	76	19	the	the	DET
faba-71	76	20	commentaries	commentary	NOUN
faba-71	76	21	and	and	CCONJ
faba-71	76	22	analyses	analysis	NOUN
faba-71	76	23	about	about	ADP
faba-71	76	24	the	the	DET
faba-71	76	25	stock	stock	NOUN
faba-71	76	26	market	market	NOUN
faba-71	76	27	,	,	PUNCT
faba-71	76	28	as	as	SCONJ
faba-71	76	29	presented	present	VERB
faba-71	76	30	by	by	ADP
faba-71	76	31	different	different	ADJ
faba-71	76	32	media	medium	NOUN
faba-71	76	33	,	,	PUNCT
faba-71	76	34	is	be	AUX
faba-71	76	35	that	that	SCONJ
faba-71	76	36	almost	almost	ADV
faba-71	76	37	all	all	PRON
faba-71	76	38	talks	talk	NOUN
faba-71	76	39	are	be	AUX
faba-71	76	40	focused	focus	VERB
faba-71	76	41	on	on	ADP
faba-71	76	42	short	short	ADJ
faba-71	76	43	-	-	PUNCT
faba-71	76	44	term	term	NOUN
faba-71	76	45	events	event	NOUN
faba-71	76	46	and	and	CCONJ
faba-71	76	47	perspectives	perspective	NOUN
faba-71	76	48	.	.	PUNCT
faba-71	77	1	respectively	respectively	ADV
faba-71	77	2	,	,	PUNCT
faba-71	77	3	the	the	DET
faba-71	77	4	short	short	ADJ
faba-71	77	5	-	-	PUNCT
faba-71	77	6	term	term	NOUN
faba-71	77	7	factors	factor	NOUN
faba-71	77	8	are	be	AUX
faba-71	77	9	mainly	mainly	ADV
faba-71	77	10	commented	comment	VERB
faba-71	77	11	on	on	ADP
faba-71	77	12	in	in	ADP
faba-71	77	13	an	an	DET
faba-71	77	14	attempt	attempt	NOUN
faba-71	77	15	to	to	PART
faba-71	77	16	predict	predict	VERB
faba-71	77	17	the	the	DET
faba-71	77	18	immediate	immediate	ADJ
faba-71	77	19	future	future	ADJ
faba-71	77	20	moves	move	NOUN
faba-71	77	21	of	of	ADP
faba-71	77	22	stocks	stock	NOUN
faba-71	77	23	.	.	PUNCT
faba-71	78	1	for	for	ADP
faba-71	78	2	example	example	NOUN
faba-71	78	3	,	,	PUNCT
faba-71	78	4	since	since	SCONJ
faba-71	78	5	the	the	DET
faba-71	78	6	beginning	beginning	NOUN
faba-71	78	7	of	of	ADP
faba-71	78	8	the	the	DET
faba-71	78	9	covid-19	covid-19	PROPN
faba-71	78	10	pandemic	pandemic	NOUN
faba-71	78	11	,	,	PUNCT
faba-71	78	12	the	the	DET
faba-71	78	13	focus	focus	NOUN
faba-71	78	14	has	have	AUX
faba-71	78	15	been	be	AUX
faba-71	78	16	mainly	mainly	ADV
faba-71	78	17	on	on	ADP
faba-71	78	18	factors	factor	NOUN
faba-71	78	19	such	such	ADJ
faba-71	78	20	as	as	ADP
faba-71	78	21	the	the	DET
faba-71	78	22	outlooks	outlook	NOUN
faba-71	78	23	for	for	ADP
faba-71	78	24	rapid	rapid	ADJ
faba-71	78	25	vaccine	vaccine	NOUN
faba-71	78	26	development	development	NOUN
faba-71	78	27	and	and	CCONJ
faba-71	78	28	approval	approval	NOUN
faba-71	78	29	,	,	PUNCT
faba-71	78	30	the	the	DET
faba-71	78	31	dynamics	dynamic	NOUN
faba-71	78	32	of	of	ADP
faba-71	78	33	new	new	ADJ
faba-71	78	34	covid-19	covid-19	PROPN
faba-71	78	35	infections	infection	NOUN
faba-71	78	36	,	,	PUNCT
faba-71	78	37	another	another	DET
faba-71	78	38	rescue	rescue	NOUN
faba-71	78	39	package	package	NOUN
faba-71	78	40	by	by	ADP
faba-71	78	41	the	the	DET
faba-71	78	42	government	government	NOUN
faba-71	78	43	,	,	PUNCT
faba-71	78	44	another	another	DET
faba-71	78	45	step	step	NOUN
faba-71	78	46	in	in	ADP
faba-71	78	47	the	the	DET
faba-71	78	48	fed	fed	PROPN
faba-71	78	49	’s	’s	PART
faba-71	78	50	quantitative	quantitative	ADJ
faba-71	78	51	easing	ease	VERB
faba-71	78	52	policy	policy	NOUN
faba-71	78	53	,	,	PUNCT
faba-71	78	54	and	and	CCONJ
faba-71	78	55	others	other	NOUN
faba-71	78	56	of	of	ADP
faba-71	78	57	this	this	DET
faba-71	78	58	kind	kind	NOUN
faba-71	78	59	.	.	PUNCT
faba-71	79	1	dimiter	dimiter	NOUN
faba-71	79	2	nenkov	nenkov	PROPN
faba-71	79	3	/	/	SYM
faba-71	79	4	finance	finance	NOUN
faba-71	79	5	,	,	PUNCT
faba-71	79	6	accounting	accounting	NOUN
faba-71	79	7	and	and	CCONJ
faba-71	79	8	business	business	NOUN
faba-71	79	9	analysis	analysis	NOUN
faba-71	79	10	3	3	NUM
faba-71	79	11	(	(	PUNCT
faba-71	79	12	1	1	NUM
faba-71	79	13	)	)	PUNCT
faba-71	79	14	2021	2021	NUM
faba-71	79	15	59	59	NUM
faba-71	79	16	the	the	DET
faba-71	79	17	fundamental	fundamental	ADJ
faba-71	79	18	,	,	PUNCT
faba-71	79	19	long	long	ADJ
faba-71	79	20	-	-	PUNCT
faba-71	79	21	term	term	NOUN
faba-71	79	22	factors	factor	NOUN
faba-71	79	23	are	be	AUX
faba-71	79	24	kind	kind	ADV
faba-71	79	25	of	of	ADV
faba-71	79	26	left	leave	VERB
faba-71	79	27	in	in	ADP
faba-71	79	28	the	the	DET
faba-71	79	29	background	background	NOUN
faba-71	79	30	,	,	PUNCT
faba-71	79	31	and	and	CCONJ
faba-71	79	32	are	be	AUX
faba-71	79	33	rarely	rarely	ADV
faba-71	79	34	addressed	address	VERB
faba-71	79	35	indeed	indeed	ADV
faba-71	79	36	.	.	PUNCT
faba-71	80	1	if	if	SCONJ
faba-71	80	2	the	the	DET
faba-71	80	3	assumption	assumption	NOUN
faba-71	80	4	is	be	AUX
faba-71	80	5	that	that	SCONJ
faba-71	80	6	the	the	DET
faba-71	80	7	fundamentals	fundamental	NOUN
faba-71	80	8	determining	determine	VERB
faba-71	80	9	the	the	DET
faba-71	80	10	value	value	NOUN
faba-71	80	11	of	of	ADP
faba-71	80	12	stocks	stock	NOUN
faba-71	80	13	have	have	AUX
faba-71	80	14	been	be	AUX
faba-71	80	15	entirely	entirely	ADV
faba-71	80	16	and	and	CCONJ
faba-71	80	17	correctly	correctly	ADV
faba-71	80	18	incorporated	incorporate	VERB
faba-71	80	19	by	by	ADP
faba-71	80	20	the	the	DET
faba-71	80	21	market	market	NOUN
faba-71	80	22	prior	prior	ADV
faba-71	80	23	to	to	ADP
faba-71	80	24	the	the	DET
faba-71	80	25	covid-19	covid-19	PROPN
faba-71	80	26	pandemic	pandemic	NOUN
faba-71	80	27	,	,	PUNCT
faba-71	80	28	then	then	ADV
faba-71	80	29	such	such	ADJ
faba-71	80	30	attitude	attitude	NOUN
faba-71	80	31	is	be	AUX
faba-71	80	32	understandable	understandable	ADJ
faba-71	80	33	.	.	PUNCT
faba-71	81	1	but	but	CCONJ
faba-71	81	2	in	in	ADP
faba-71	81	3	reality	reality	NOUN
faba-71	81	4	,	,	PUNCT
faba-71	81	5	it	it	PRON
faba-71	81	6	is	be	AUX
faba-71	81	7	exactly	exactly	ADV
faba-71	81	8	this	this	DET
faba-71	81	9	assumption	assumption	NOUN
faba-71	81	10	that	that	PRON
faba-71	81	11	can	can	AUX
faba-71	81	12	be	be	AUX
faba-71	81	13	questioned	question	VERB
faba-71	81	14	.	.	PUNCT
faba-71	82	1	many	many	ADJ
faba-71	82	2	market	market	NOUN
faba-71	82	3	players	player	NOUN
faba-71	82	4	and	and	CCONJ
faba-71	82	5	observers	observer	NOUN
faba-71	82	6	do	do	AUX
faba-71	82	7	not	not	PART
faba-71	82	8	agree	agree	VERB
faba-71	82	9	that	that	SCONJ
faba-71	82	10	today	today	NOUN
faba-71	82	11	’s	’s	PART
faba-71	82	12	market	market	NOUN
faba-71	82	13	prices	price	NOUN
faba-71	82	14	of	of	ADP
faba-71	82	15	stocks	stock	NOUN
faba-71	82	16	are	be	AUX
faba-71	82	17	adequate	adequate	ADJ
faba-71	82	18	in	in	ADP
faba-71	82	19	terms	term	NOUN
faba-71	82	20	of	of	ADP
faba-71	82	21	fundamentals	fundamental	NOUN
faba-71	82	22	.	.	PUNCT
faba-71	83	1	that	that	PRON
faba-71	83	2	is	be	AUX
faba-71	83	3	why	why	SCONJ
faba-71	83	4	us	we	PRON
faba-71	83	5	stock	stock	NOUN
faba-71	83	6	-	-	PUNCT
faba-71	83	7	market	market	NOUN
faba-71	83	8	indexes	index	NOUN
faba-71	83	9	should	should	AUX
faba-71	83	10	be	be	AUX
faba-71	83	11	frequently	frequently	ADV
faba-71	83	12	considered	consider	VERB
faba-71	83	13	and	and	CCONJ
faba-71	83	14	analyzed	analyze	VERB
faba-71	83	15	more	more	ADV
faba-71	83	16	broadly	broadly	ADV
faba-71	83	17	,	,	PUNCT
faba-71	83	18	over	over	ADP
faba-71	83	19	a	a	DET
faba-71	83	20	longer	long	ADJ
faba-71	83	21	period	period	NOUN
faba-71	83	22	.	.	PUNCT
faba-71	84	1	figure	figure	NOUN
faba-71	84	2	1	1	NUM
faba-71	84	3	illustrates	illustrate	VERB
faba-71	84	4	the	the	DET
faba-71	84	5	dynamics	dynamic	NOUN
faba-71	84	6	of	of	ADP
faba-71	84	7	the	the	DET
faba-71	84	8	s&p	s&p	PROPN
faba-71	84	9	500	500	NUM
faba-71	84	10	during	during	ADP
faba-71	84	11	the	the	DET
faba-71	84	12	first	first	ADJ
faba-71	84	13	two	two	NUM
faba-71	84	14	decades	decade	NOUN
faba-71	84	15	of	of	ADP
faba-71	84	16	the	the	DET
faba-71	84	17	21st	21st	ADJ
faba-71	84	18	century	century	NOUN
faba-71	84	19	.	.	PUNCT
faba-71	85	1	the	the	DET
faba-71	85	2	turbulent	turbulent	ADJ
faba-71	85	3	first	first	ADJ
faba-71	85	4	decade	decade	NOUN
faba-71	85	5	started	start	VERB
faba-71	85	6	with	with	ADP
faba-71	85	7	the	the	DET
faba-71	85	8	bear	bear	NOUN
faba-71	85	9	market	market	NOUN
faba-71	85	10	of	of	ADP
faba-71	85	11	2000	2000	NUM
faba-71	85	12	-	-	SYM
faba-71	85	13	2003	2003	NUM
faba-71	85	14	,	,	PUNCT
faba-71	85	15	triggered	trigger	VERB
faba-71	85	16	by	by	ADP
faba-71	85	17	the	the	DET
faba-71	85	18	burst	burst	NOUN
faba-71	85	19	of	of	ADP
faba-71	85	20	the	the	DET
faba-71	85	21	internet	internet	NOUN
faba-71	85	22	bubble	bubble	NOUN
faba-71	85	23	.	.	PUNCT
faba-71	86	1	the	the	DET
faba-71	86	2	index	index	NOUN
faba-71	86	3	fell	fall	VERB
faba-71	86	4	by	by	ADP
faba-71	86	5	more	more	ADJ
faba-71	86	6	than	than	ADP
faba-71	86	7	40	40	NUM
faba-71	86	8	%	%	NOUN
faba-71	86	9	until	until	ADP
faba-71	86	10	the	the	DET
faba-71	86	11	first	first	ADJ
faba-71	86	12	quarter	quarter	NOUN
faba-71	86	13	of	of	ADP
faba-71	86	14	2003	2003	NUM
faba-71	86	15	.	.	PUNCT
faba-71	87	1	then	then	ADV
faba-71	87	2	a	a	DET
faba-71	87	3	new	new	ADJ
faba-71	87	4	rise	rise	NOUN
faba-71	87	5	started	start	VERB
faba-71	87	6	for	for	ADP
faba-71	87	7	about	about	ADV
faba-71	87	8	4	4	NUM
faba-71	87	9	to	to	PART
faba-71	87	10	5	5	NUM
faba-71	87	11	years	year	NOUN
faba-71	87	12	until	until	ADP
faba-71	87	13	october	october	PROPN
faba-71	87	14	2007	2007	NUM
faba-71	87	15	,	,	PUNCT
faba-71	87	16	followed	follow	VERB
faba-71	87	17	by	by	ADP
faba-71	87	18	a	a	DET
faba-71	87	19	new	new	ADJ
faba-71	87	20	crash	crash	NOUN
faba-71	87	21	during	during	ADP
faba-71	87	22	the	the	DET
faba-71	87	23	global	global	ADJ
faba-71	87	24	financial	financial	ADJ
faba-71	87	25	crisis	crisis	NOUN
faba-71	87	26	.	.	PUNCT
faba-71	88	1	the	the	DET
faba-71	88	2	second	second	ADJ
faba-71	88	3	decade	decade	NOUN
faba-71	88	4	was	be	AUX
faba-71	88	5	characterized	characterize	VERB
faba-71	88	6	by	by	ADP
faba-71	88	7	a	a	DET
faba-71	88	8	continuous	continuous	ADJ
faba-71	88	9	uptrend	uptrend	NOUN
faba-71	88	10	,	,	PUNCT
faba-71	88	11	which	which	PRON
faba-71	88	12	will	will	AUX
faba-71	88	13	be	be	AUX
faba-71	88	14	commented	comment	VERB
faba-71	88	15	below	below	ADV
faba-71	88	16	.	.	PUNCT
faba-71	89	1	figure	figure	NOUN
faba-71	89	2	1	1	NUM
faba-71	89	3	.	.	PUNCT
faba-71	90	1	dynamics	dynamic	NOUN
faba-71	90	2	of	of	ADP
faba-71	90	3	the	the	DET
faba-71	90	4	s&p	s&p	PROPN
faba-71	90	5	500	500	NUM
faba-71	90	6	in	in	ADP
faba-71	90	7	the	the	DET
faba-71	90	8	period	period	NOUN
faba-71	90	9	2000	2000	NUM
faba-71	90	10	-	-	SYM
faba-71	90	11	2021	2021	NUM
faba-71	90	12	source	source	NOUN
faba-71	90	13	:	:	PUNCT
faba-71	90	14	https://www.multpl.com/s-p-500-historical-prices	https://www.multpl.com/s-p-500-historical-price	NOUN
faba-71	90	15	table	table	NOUN
faba-71	90	16	1	1	NUM
faba-71	90	17	shows	show	VERB
faba-71	90	18	the	the	DET
faba-71	90	19	levels	level	NOUN
faba-71	90	20	of	of	ADP
faba-71	90	21	two	two	NUM
faba-71	90	22	major	major	ADJ
faba-71	90	23	us	us	PROPN
faba-71	90	24	stock	stock	NOUN
faba-71	90	25	indexes	index	NOUN
faba-71	90	26	–	–	PUNCT
faba-71	90	27	djia	djia	NOUN
faba-71	90	28	and	and	CCONJ
faba-71	90	29	s&p	s&p	PROPN
faba-71	90	30	500	500	NUM
faba-71	90	31	,	,	PUNCT
faba-71	90	32	on	on	ADP
faba-71	90	33	certain	certain	ADJ
faba-71	90	34	significant	significant	ADJ
faba-71	90	35	dates	date	NOUN
faba-71	90	36	of	of	ADP
faba-71	90	37	their	their	PRON
faba-71	90	38	history	history	NOUN
faba-71	90	39	.	.	PUNCT
faba-71	91	1	these	these	PRON
faba-71	91	2	are	be	AUX
faba-71	91	3	the	the	DET
faba-71	91	4	date	date	NOUN
faba-71	91	5	of	of	ADP
faba-71	91	6	their	their	PRON
faba-71	91	7	record	record	NOUN
faba-71	91	8	-	-	PUNCT
faba-71	91	9	high	high	ADJ
faba-71	91	10	level	level	NOUN
faba-71	91	11	preceding	precede	VERB
faba-71	91	12	the	the	DET
faba-71	91	13	global	global	ADJ
faba-71	91	14	financial	financial	ADJ
faba-71	91	15	crisis	crisis	NOUN
faba-71	91	16	,	,	PUNCT
faba-71	91	17	the	the	DET
faba-71	91	18	date	date	NOUN
faba-71	91	19	of	of	ADP
faba-71	91	20	their	their	PRON
faba-71	91	21	bottom	bottom	ADJ
faba-71	91	22	level	level	NOUN
faba-71	91	23	during	during	ADP
faba-71	91	24	the	the	DET
faba-71	91	25	same	same	ADJ
faba-71	91	26	crisis	crisis	NOUN
faba-71	91	27	and	and	CCONJ
faba-71	91	28	then	then	ADV
faba-71	91	29	the	the	DET
faba-71	91	30	date	date	NOUN
faba-71	91	31	of	of	ADP
faba-71	91	32	their	their	PRON
faba-71	91	33	record	record	NOUN
faba-71	91	34	-	-	PUNCT
faba-71	91	35	high	high	ADJ
faba-71	91	36	level	level	NOUN
faba-71	91	37	preceding	precede	VERB
faba-71	91	38	the	the	DET
faba-71	91	39	covid-19	covid-19	PROPN
faba-71	91	40	pandemic	pandemic	ADJ
faba-71	91	41	crash	crash	NOUN
faba-71	91	42	of	of	ADP
faba-71	91	43	2020	2020	NUM
faba-71	91	44	.	.	PUNCT
faba-71	92	1	both	both	DET
faba-71	92	2	djia	djia	PROPN
faba-71	92	3	and	and	CCONJ
faba-71	92	4	s&p	s&p	PROPN
faba-71	92	5	500	500	NUM
faba-71	92	6	reached	reach	VERB
faba-71	92	7	their	their	PRON
faba-71	92	8	pre	pre	ADJ
faba-71	92	9	-	-	ADJ
faba-71	92	10	crisis	crisis	ADJ
faba-71	92	11	record	record	NOUN
faba-71	92	12	highs	high	NOUN
faba-71	92	13	on	on	ADP
faba-71	92	14	8	8	NUM
faba-71	92	15	october	october	NOUN
faba-71	92	16	2007	2007	NUM
faba-71	92	17	–	–	PUNCT
faba-71	92	18	14	14	NUM
faba-71	92	19	093.08	093.08	NUM
faba-71	92	20	points	point	NOUN
faba-71	92	21	for	for	ADP
faba-71	92	22	djia	djia	PROPN
faba-71	92	23	and	and	CCONJ
faba-71	92	24	1561.80	1561.80	NUM
faba-71	92	25	points	point	NOUN
faba-71	92	26	for	for	ADP
faba-71	92	27	s&p	s&p	PROPN
faba-71	92	28	500	500	NUM
faba-71	92	29	.	.	PUNCT
faba-71	93	1	there	there	PRON
faba-71	93	2	followed	follow	VERB
faba-71	93	3	a	a	DET
faba-71	93	4	prolonged	prolonged	ADJ
faba-71	93	5	downward	downward	ADJ
faba-71	93	6	trend	trend	NOUN
faba-71	93	7	of	of	ADP
faba-71	93	8	about	about	ADV
faba-71	93	9	a	a	PRON
faba-71	93	10	year	year	NOUN
faba-71	93	11	and	and	CCONJ
faba-71	93	12	a	a	DET
faba-71	93	13	half	half	NOUN
faba-71	93	14	,	,	PUNCT
faba-71	93	15	accelerated	accelerate	VERB
faba-71	93	16	by	by	ADP
faba-71	93	17	the	the	DET
faba-71	93	18	burst	burst	NOUN
faba-71	93	19	of	of	ADP
faba-71	93	20	the	the	DET
faba-71	93	21	global	global	ADJ
faba-71	93	22	financial	financial	ADJ
faba-71	93	23	crisis	crisis	NOUN
faba-71	93	24	,	,	PUNCT
faba-71	93	25	and	and	CCONJ
faba-71	93	26	the	the	DET
faba-71	93	27	two	two	NUM
faba-71	93	28	indexes	index	NOUN
faba-71	93	29	reached	reach	VERB
faba-71	93	30	the	the	DET
faba-71	93	31	bottom	bottom	NOUN
faba-71	93	32	on	on	ADP
faba-71	93	33	9	9	NUM
faba-71	93	34	march	march	NOUN
faba-71	93	35	,	,	PUNCT
faba-71	93	36	2009	2009	NUM
faba-71	93	37	–	–	PUNCT
faba-71	93	38	at	at	ADP
faba-71	93	39	6	6	NUM
faba-71	93	40	626.94	626.94	NUM
faba-71	93	41	points	point	NOUN
faba-71	93	42	for	for	ADP
faba-71	93	43	djia	djia	NOUN
faba-71	93	44	,	,	PUNCT
faba-71	93	45	and	and	CCONJ
faba-71	93	46	at	at	ADP
faba-71	93	47	683.38	683.38	NUM
faba-71	93	48	points	point	NOUN
faba-71	93	49	for	for	ADP
faba-71	93	50	s&p	s&p	PROPN
faba-71	93	51	500	500	NUM
faba-71	93	52	.	.	PUNCT
faba-71	94	1	table	table	NOUN
faba-71	94	2	1	1	NUM
faba-71	94	3	also	also	ADV
faba-71	94	4	indicates	indicate	VERB
faba-71	94	5	the	the	DET
faba-71	94	6	loss	loss	NOUN
faba-71	94	7	of	of	ADP
faba-71	94	8	market	market	NOUN
faba-71	94	9	capitalization	capitalization	NOUN
faba-71	94	10	in	in	ADP
faba-71	94	11	percent	percent	NOUN
faba-71	94	12	.	.	PUNCT
faba-71	95	1	by	by	ADP
faba-71	95	2	reaching	reach	VERB
faba-71	95	3	the	the	DET
faba-71	95	4	bottom	bottom	NOUN
faba-71	95	5	,	,	PUNCT
faba-71	95	6	djia	djia	PROPN
faba-71	95	7	lost	lose	VERB
faba-71	95	8	52.98	52.98	NUM
faba-71	95	9	%	%	NOUN
faba-71	95	10	,	,	PUNCT
faba-71	95	11	and	and	CCONJ
faba-71	95	12	s&p	s&p	PROPN
faba-71	95	13	500	500	NUM
faba-71	95	14	lost	lose	VERB
faba-71	95	15	56.24	56.24	NUM
faba-71	95	16	%	%	NOUN
faba-71	95	17	of	of	ADP
faba-71	95	18	their	their	PRON
faba-71	95	19	top	top	ADJ
faba-71	95	20	market	market	NOUN
faba-71	95	21	-	-	PUNCT
faba-71	95	22	capitalization	capitalization	NOUN
faba-71	95	23	values	value	NOUN
faba-71	95	24	from	from	ADP
faba-71	95	25	october	october	PROPN
faba-71	95	26	2007	2007	NUM
faba-71	95	27	.	.	PUNCT
faba-71	96	1	despite	despite	SCONJ
faba-71	96	2	the	the	DET
faba-71	96	3	protracted	protracted	ADJ
faba-71	96	4	recession	recession	NOUN
faba-71	96	5	,	,	PUNCT
faba-71	96	6	the	the	DET
faba-71	96	7	us	us	PROPN
faba-71	96	8	stock	stock	NOUN
faba-71	96	9	market	market	NOUN
faba-71	96	10	went	go	VERB
faba-71	96	11	up	up	ADP
faba-71	96	12	again	again	ADV
faba-71	96	13	,	,	PUNCT
faba-71	96	14	and	and	CCONJ
faba-71	96	15	it	it	PRON
faba-71	96	16	took	take	VERB
faba-71	96	17	him	he	PRON
faba-71	96	18	about	about	ADV
faba-71	96	19	5	5	NUM
faba-71	96	20	and	and	CCONJ
faba-71	96	21	a	a	DET
faba-71	96	22	half	half	NOUN
faba-71	96	23	years	year	NOUN
faba-71	96	24	to	to	PART
faba-71	96	25	beat	beat	VERB
faba-71	96	26	the	the	DET
faba-71	96	27	pre	pre	ADJ
faba-71	96	28	-	-	ADJ
faba-71	96	29	crisis	crisis	ADJ
faba-71	96	30	peaks	peak	NOUN
faba-71	96	31	.	.	PUNCT
faba-71	97	1	this	this	PRON
faba-71	97	2	happened	happen	VERB
faba-71	97	3	on	on	ADP
faba-71	97	4	4	4	NUM
faba-71	97	5	march	march	NOUN
faba-71	97	6	,	,	PUNCT
faba-71	97	7	2013	2013	NUM
faba-71	97	8	with	with	ADP
faba-71	97	9	the	the	DET
faba-71	97	10	djia	djia	NOUN
faba-71	97	11	,	,	PUNCT
faba-71	97	12	when	when	SCONJ
faba-71	97	13	it	it	PRON
faba-71	97	14	closed	close	VERB
faba-71	97	15	at	at	ADP
faba-71	97	16	14	14	NUM
faba-71	97	17	127.82	127.82	NUM
faba-71	97	18	.	.	PUNCT
faba-71	98	1	the	the	DET
faba-71	98	2	s&p	s&p	PROPN
faba-71	98	3	500	500	NUM
faba-71	98	4	did	do	VERB
faba-71	98	5	the	the	DET
faba-71	98	6	same	same	ADJ
faba-71	98	7	on	on	ADP
faba-71	98	8	26	26	NUM
faba-71	98	9	march	march	NOUN
faba-71	98	10	,	,	PUNCT
faba-71	98	11	2013	2013	NUM
faba-71	98	12	,	,	PUNCT
faba-71	98	13	by	by	ADP
faba-71	98	14	closing	close	VERB
faba-71	98	15	at	at	ADP
faba-71	98	16	1	1	NUM
faba-71	98	17	563.77	563.77	NUM
faba-71	98	18	%	%	NOUN
faba-71	98	19	(	(	PUNCT
faba-71	98	20	nenkov	nenkov	PROPN
faba-71	98	21	,	,	PUNCT
faba-71	98	22	d.	d.	PROPN
faba-71	98	23	,	,	PUNCT
faba-71	98	24	2017	2017	NUM
faba-71	98	25	)	)	PUNCT
faba-71	98	26	.	.	PUNCT
faba-71	99	1	table	table	NOUN
faba-71	99	2	1	1	NUM
faba-71	99	3	.	.	PUNCT
faba-71	100	1	key	key	ADJ
faba-71	100	2	values	value	NOUN
faba-71	100	3	of	of	ADP
faba-71	100	4	djia	djia	PROPN
faba-71	100	5	and	and	CCONJ
faba-71	100	6	s&p	s&p	PROPN
faba-71	100	7	500	500	NUM
faba-71	100	8	–	–	PUNCT
faba-71	100	9	2007	2007	NUM
faba-71	100	10	,	,	PUNCT
faba-71	100	11	2009	2009	NUM
faba-71	100	12	and	and	CCONJ
faba-71	100	13	2020	2020	NUM
faba-71	100	14	index	index	NOUN
faba-71	100	15	date	date	NOUN
faba-71	100	16	peak	peak	NOUN
faba-71	100	17	value	value	NOUN
faba-71	100	18	before	before	ADP
faba-71	100	19	the	the	DET
faba-71	100	20	crisis	crisis	NOUN
faba-71	100	21	bottom	bottom	NOUN
faba-71	100	22	(	(	PUNCT
faba-71	100	23	trough	trough	ADJ
faba-71	100	24	)	)	PUNCT
faba-71	100	25	value	value	NOUN
faba-71	100	26	value	value	NOUN
faba-71	100	27	as	as	ADP
faba-71	100	28	of	of	ADP
faba-71	100	29	12	12	NUM
faba-71	100	30	feb	feb	NOUN
faba-71	100	31	,	,	PUNCT
faba-71	100	32	2020	2020	NUM
faba-71	100	33	djia	djia	PROPN
faba-71	100	34	8.10.2007	8.10.2007	NUM
faba-71	100	35	14,093.08	14,093.08	NUM
faba-71	100	36	9.03.2009	9.03.2009	NUM
faba-71	100	37	6,626.94	6,626.94	NUM
faba-71	100	38	12.02.2020	12.02.2020	NUM
faba-71	100	39	29,551.42	29,551.42	NUM
faba-71	100	40	%	%	NOUN
faba-71	100	41	of	of	ADP
faba-71	100	42	peak	peak	NOUN
faba-71	100	43	value	value	NOUN
faba-71	100	44	100.00	100.00	NUM
faba-71	100	45	%	%	NOUN
faba-71	100	46	47.02	47.02	NUM
faba-71	100	47	%	%	NOUN
faba-71	100	48	209.69	209.69	NUM
faba-71	100	49	%	%	NOUN
faba-71	100	50	difference	difference	NOUN
faba-71	100	51	(	(	PUNCT
faba-71	100	52	%	%	INTJ
faba-71	100	53	)	)	PUNCT
faba-71	101	1	-52.98	-52.98	NUM
faba-71	101	2	%	%	NOUN
faba-71	101	3	109.69	109.69	NUM
faba-71	101	4	%	%	NOUN
faba-71	101	5	index	index	NOUN
faba-71	101	6	date	date	NOUN
faba-71	101	7	peak	peak	NOUN
faba-71	101	8	value	value	NOUN
faba-71	101	9	before	before	ADP
faba-71	101	10	the	the	DET
faba-71	101	11	crisis	crisis	NOUN
faba-71	101	12	bottom	bottom	NOUN
faba-71	101	13	(	(	PUNCT
faba-71	101	14	trough	trough	ADJ
faba-71	101	15	)	)	PUNCT
faba-71	101	16	value	value	NOUN
faba-71	101	17	value	value	NOUN
faba-71	101	18	as	as	ADP
faba-71	101	19	of	of	ADP
faba-71	101	20	19	19	NUM
faba-71	101	21	feb	feb	NOUN
faba-71	101	22	,	,	PUNCT
faba-71	101	23	2020	2020	NUM
faba-71	101	24	0.00	0.00	NUM
faba-71	101	25	500.00	500.00	NUM
faba-71	101	26	1,000.00	1,000.00	NUM
faba-71	101	27	1,500.00	1,500.00	NUM
faba-71	101	28	2,000.00	2,000.00	NUM
faba-71	101	29	2,500.00	2,500.00	NUM
faba-71	101	30	3,000.00	3,000.00	NUM
faba-71	101	31	3,500.00	3,500.00	NUM
faba-71	101	32	4,000.00	4,000.00	NUM
faba-71	101	33	4,500.00	4,500.00	NUM
faba-71	101	34	0	0	NUM
faba-71	101	35	1	1	NUM
faba-71	101	36	-j	-j	NOUN
faba-71	101	37	a	a	DET
faba-71	101	38	n	n	NOUN
faba-71	101	39	-0	-0	ADP
faba-71	101	40	0	0	NUM
faba-71	101	41	0	0	NUM
faba-71	101	42	1	1	NUM
faba-71	101	43	-j	-j	NOUN
faba-71	101	44	a	a	DET
faba-71	101	45	n	n	NOUN
faba-71	101	46	-0	-0	ADP
faba-71	101	47	1	1	NUM
faba-71	101	48	0	0	NUM
faba-71	101	49	1	1	NUM
faba-71	101	50	-j	-j	NOUN
faba-71	101	51	a	a	DET
faba-71	101	52	n	n	CCONJ
faba-71	101	53	-0	-0	SYM
faba-71	101	54	2	2	NUM
faba-71	101	55	0	0	NUM
faba-71	101	56	1	1	NUM
faba-71	101	57	-j	-j	NOUN
faba-71	101	58	a	a	DET
faba-71	101	59	n	n	NOUN
faba-71	101	60	-0	-0	SYM
faba-71	101	61	3	3	NUM
faba-71	101	62	0	0	NUM
faba-71	101	63	1	1	NUM
faba-71	101	64	-j	-j	NOUN
faba-71	101	65	a	a	DET
faba-71	101	66	n	n	NOUN
faba-71	101	67	-0	-0	ADP
faba-71	101	68	4	4	NUM
faba-71	101	69	0	0	NUM
faba-71	101	70	1	1	NUM
faba-71	101	71	-j	-j	NOUN
faba-71	101	72	a	a	DET
faba-71	101	73	n	n	NOUN
faba-71	101	74	-0	-0	ADP
faba-71	101	75	5	5	NUM
faba-71	101	76	0	0	SYM
faba-71	101	77	1	1	NUM
faba-71	101	78	-j	-j	NOUN
faba-71	101	79	a	a	DET
faba-71	101	80	n	n	NOUN
faba-71	101	81	-0	-0	ADP
faba-71	101	82	6	6	NUM
faba-71	101	83	0	0	NUM
faba-71	101	84	1	1	NUM
faba-71	101	85	-j	-j	NOUN
faba-71	101	86	a	a	DET
faba-71	101	87	n	n	NOUN
faba-71	101	88	-0	-0	SYM
faba-71	101	89	7	7	NUM
faba-71	101	90	0	0	NUM
faba-71	101	91	1	1	NUM
faba-71	101	92	-j	-j	NOUN
faba-71	101	93	a	a	DET
faba-71	101	94	n	n	NOUN
faba-71	101	95	-0	-0	ADP
faba-71	101	96	8	8	NUM
faba-71	101	97	0	0	NUM
faba-71	101	98	1	1	NUM
faba-71	101	99	-j	-j	NOUN
faba-71	101	100	a	a	DET
faba-71	101	101	n	n	NOUN
faba-71	101	102	-0	-0	ADP
faba-71	101	103	9	9	NUM
faba-71	101	104	0	0	NUM
faba-71	101	105	1	1	NUM
faba-71	101	106	-j	-j	NOUN
faba-71	101	107	a	a	DET
faba-71	101	108	n	n	NOUN
faba-71	101	109	-1	-1	NOUN
faba-71	101	110	0	0	NUM
faba-71	101	111	0	0	NUM
faba-71	101	112	1	1	NUM
faba-71	101	113	-j	-j	NOUN
faba-71	101	114	a	a	DET
faba-71	101	115	n	n	NOUN
faba-71	101	116	-1	-1	ADP
faba-71	102	1	1	1	NUM
faba-71	102	2	0	0	NUM
faba-71	102	3	1	1	NUM
faba-71	102	4	-j	-j	NOUN
faba-71	102	5	a	a	DET
faba-71	102	6	n	n	NOUN
faba-71	102	7	-1	-1	ADP
faba-71	102	8	2	2	NUM
faba-71	102	9	0	0	NUM
faba-71	102	10	1	1	NUM
faba-71	102	11	-j	-j	NOUN
faba-71	102	12	a	a	DET
faba-71	102	13	n	n	NOUN
faba-71	102	14	-1	-1	NOUN
faba-71	103	1	3	3	NUM
faba-71	103	2	0	0	NUM
faba-71	103	3	1	1	NUM
faba-71	103	4	-j	-j	NOUN
faba-71	103	5	a	a	DET
faba-71	103	6	n	n	NOUN
faba-71	103	7	-1	-1	ADP
faba-71	103	8	4	4	NUM
faba-71	103	9	0	0	SYM
faba-71	103	10	1	1	NUM
faba-71	103	11	-j	-j	NOUN
faba-71	103	12	a	a	DET
faba-71	103	13	n	n	NOUN
faba-71	103	14	-1	-1	ADP
faba-71	103	15	5	5	NUM
faba-71	103	16	0	0	SYM
faba-71	103	17	1	1	NUM
faba-71	103	18	-j	-j	NOUN
faba-71	103	19	a	a	DET
faba-71	103	20	n	n	NOUN
faba-71	103	21	-1	-1	ADP
faba-71	104	1	6	6	NUM
faba-71	104	2	0	0	NUM
faba-71	104	3	1	1	NUM
faba-71	104	4	-j	-j	NOUN
faba-71	104	5	a	a	DET
faba-71	104	6	n	n	NOUN
faba-71	104	7	-1	-1	ADP
faba-71	104	8	7	7	NUM
faba-71	104	9	0	0	NUM
faba-71	104	10	1	1	NUM
faba-71	104	11	-j	-j	NOUN
faba-71	104	12	a	a	DET
faba-71	104	13	n	n	NOUN
faba-71	104	14	-1	-1	ADP
faba-71	104	15	8	8	NUM
faba-71	104	16	0	0	NUM
faba-71	104	17	1	1	NUM
faba-71	104	18	-j	-j	NOUN
faba-71	104	19	a	a	DET
faba-71	104	20	n	n	NOUN
faba-71	104	21	-1	-1	ADP
faba-71	104	22	9	9	NUM
faba-71	104	23	0	0	NUM
faba-71	104	24	1	1	NUM
faba-71	104	25	-j	-j	NOUN
faba-71	104	26	a	a	DET
faba-71	104	27	n	n	NOUN
faba-71	104	28	-2	-2	NOUN
faba-71	104	29	0	0	NUM
faba-71	104	30	0	0	NUM
faba-71	104	31	1	1	NUM
faba-71	104	32	-j	-j	NOUN
faba-71	104	33	a	a	DET
faba-71	104	34	n	n	NOUN
faba-71	104	35	-2	-2	NOUN
faba-71	104	36	1	1	NUM
faba-71	104	37	s&p	s&p	PROPN
faba-71	104	38	500	500	NUM
faba-71	104	39	level	level	NOUN
faba-71	104	40	https://www.multpl.com/s-p-500-historical-prices	https://www.multpl.com/s-p-500-historical-price	NOUN
faba-71	104	41	dimiter	dimiter	NOUN
faba-71	104	42	nenkov	nenkov	NOUN
faba-71	104	43	/	/	SYM
faba-71	104	44	finance	finance	NOUN
faba-71	104	45	,	,	PUNCT
faba-71	104	46	accounting	accounting	NOUN
faba-71	104	47	and	and	CCONJ
faba-71	104	48	business	business	NOUN
faba-71	104	49	analysis	analysis	NOUN
faba-71	104	50	3	3	NUM
faba-71	104	51	(	(	PUNCT
faba-71	104	52	1	1	NUM
faba-71	104	53	)	)	PUNCT
faba-71	104	54	2021	2021	NUM
faba-71	104	55	60	60	NUM
faba-71	104	56	s&p	s&p	PROPN
faba-71	104	57	500	500	NUM
faba-71	104	58	8.10.2007	8.10.2007	NUM
faba-71	104	59	1,561.80	1,561.80	NUM
faba-71	104	60	9.03.2009	9.03.2009	NUM
faba-71	104	61	683.38	683.38	NUM
faba-71	104	62	19.02.2020	19.02.2020	NUM
faba-71	104	63	3,386.15	3,386.15	NUM
faba-71	104	64	%	%	NOUN
faba-71	104	65	of	of	ADP
faba-71	104	66	peak	peak	NOUN
faba-71	104	67	value	value	NOUN
faba-71	104	68	100.00	100.00	NUM
faba-71	104	69	%	%	NOUN
faba-71	104	70	43.76	43.76	NUM
faba-71	104	71	%	%	NOUN
faba-71	104	72	216.81	216.81	NUM
faba-71	104	73	%	%	NOUN
faba-71	104	74	difference	difference	NOUN
faba-71	104	75	(	(	PUNCT
faba-71	104	76	%	%	INTJ
faba-71	104	77	)	)	PUNCT
faba-71	105	1	-56.24	-56.24	PUNCT
faba-71	105	2	%	%	NOUN
faba-71	105	3	116.81	116.81	NUM
faba-71	105	4	%	%	NOUN
faba-71	105	5	source	source	NOUN
faba-71	105	6	:	:	PUNCT
faba-71	105	7	http://finance.yahoo.com/q?s=%5edji	http://finance.yahoo.com/q?s=%5edji	PROPN
faba-71	105	8	(	(	PUNCT
faba-71	105	9	accessed	access	VERB
faba-71	105	10	4	4	NUM
faba-71	105	11	march	march	NOUN
faba-71	105	12	,	,	PUNCT
faba-71	105	13	2021	2021	NUM
faba-71	105	14	)	)	PUNCT
faba-71	106	1	http://finance.yahoo.com/echarts?s=%5egspc+interactive	http://finance.yahoo.com/echarts?s=%5egspc+interactive	PROPN
faba-71	106	2	(	(	PUNCT
faba-71	106	3	accessed	access	VERB
faba-71	106	4	4	4	NUM
faba-71	106	5	march	march	NOUN
faba-71	106	6	,	,	PUNCT
faba-71	106	7	2021	2021	NUM
faba-71	106	8	)	)	PUNCT
faba-71	106	9	calculations	calculation	NOUN
faba-71	106	10	of	of	ADP
faba-71	106	11	the	the	DET
faba-71	106	12	author	author	NOUN
faba-71	106	13	the	the	DET
faba-71	106	14	us	us	PROPN
faba-71	106	15	stock	stock	NOUN
faba-71	106	16	-	-	PUNCT
faba-71	106	17	market	market	NOUN
faba-71	106	18	surge	surge	NOUN
faba-71	106	19	continued	continue	VERB
faba-71	106	20	,	,	PUNCT
faba-71	106	21	with	with	ADP
faba-71	106	22	short	short	ADJ
faba-71	106	23	interruptions	interruption	NOUN
faba-71	106	24	,	,	PUNCT
faba-71	106	25	until	until	ADP
faba-71	106	26	february	february	PROPN
faba-71	106	27	2020	2020	NUM
faba-71	106	28	.	.	PUNCT
faba-71	107	1	this	this	PRON
faba-71	107	2	is	be	AUX
faba-71	107	3	perceived	perceive	VERB
faba-71	107	4	by	by	ADP
faba-71	107	5	some	some	DET
faba-71	107	6	analysts	analyst	NOUN
faba-71	107	7	as	as	ADP
faba-71	107	8	the	the	DET
faba-71	107	9	longest	long	ADJ
faba-71	107	10	bull	bull	NOUN
faba-71	107	11	market	market	NOUN
faba-71	107	12	in	in	ADP
faba-71	107	13	history	history	NOUN
faba-71	107	14	(	(	PUNCT
faba-71	107	15	9	9	NUM
faba-71	107	16	march	march	NOUN
faba-71	107	17	2009	2009	NUM
faba-71	107	18	–	–	PUNCT
faba-71	107	19	12	12	NUM
faba-71	107	20	february	february	NOUN
faba-71	107	21	2020	2020	NUM
faba-71	107	22	)	)	PUNCT
faba-71	107	23	.	.	PUNCT
faba-71	108	1	it	it	PRON
faba-71	108	2	surpassed	surpass	VERB
faba-71	108	3	the	the	DET
faba-71	108	4	previous	previous	ADJ
faba-71	108	5	record	record	NOUN
faba-71	108	6	-	-	PUNCT
faba-71	108	7	long	long	ADJ
faba-71	108	8	bull	bull	NOUN
faba-71	108	9	market	market	NOUN
faba-71	108	10	that	that	PRON
faba-71	108	11	ran	run	VERB
faba-71	108	12	from	from	ADP
faba-71	108	13	october	october	PROPN
faba-71	108	14	1990	1990	NUM
faba-71	108	15	to	to	ADP
faba-71	108	16	march	march	PROPN
faba-71	108	17	2000	2000	NUM
faba-71	108	18	(	(	PUNCT
faba-71	108	19	other	other	ADJ
faba-71	108	20	analysts	analyst	NOUN
faba-71	108	21	disagree	disagree	VERB
faba-71	108	22	,	,	PUNCT
faba-71	108	23	however	however	ADV
faba-71	108	24	)	)	PUNCT
faba-71	108	25	(	(	PUNCT
faba-71	108	26	wigglesworth	wigglesworth	PROPN
faba-71	108	27	,	,	PUNCT
faba-71	108	28	r.	r.	PROPN
faba-71	108	29	,	,	PUNCT
faba-71	108	30	2020	2020	NUM
faba-71	108	31	)	)	PUNCT
faba-71	108	32	.	.	PUNCT
faba-71	109	1	on	on	ADP
faba-71	109	2	12	12	NUM
faba-71	109	3	feb	feb	NOUN
faba-71	109	4	,	,	PUNCT
faba-71	109	5	2020	2020	NUM
faba-71	109	6	the	the	DET
faba-71	109	7	djia	djia	PROPN
faba-71	109	8	hit	hit	VERB
faba-71	109	9	29,551.42	29,551.42	NUM
faba-71	109	10	points	point	NOUN
faba-71	109	11	,	,	PUNCT
faba-71	109	12	which	which	PRON
faba-71	109	13	is	be	AUX
faba-71	109	14	an	an	DET
faba-71	109	15	increase	increase	NOUN
faba-71	109	16	of	of	ADP
faba-71	109	17	109.69	109.69	NUM
faba-71	109	18	%	%	NOUN
faba-71	109	19	compared	compare	VERB
faba-71	109	20	to	to	ADP
faba-71	109	21	the	the	DET
faba-71	109	22	pre	pre	ADJ
faba-71	109	23	-	-	NOUN
faba-71	109	24	crisis	crisis	ADJ
faba-71	109	25	record	record	NOUN
faba-71	109	26	-	-	PUNCT
faba-71	109	27	high	high	ADJ
faba-71	109	28	level	level	NOUN
faba-71	109	29	from	from	ADP
faba-71	109	30	2007	2007	NUM
faba-71	109	31	.	.	PUNCT
faba-71	110	1	the	the	DET
faba-71	110	2	s&p	s&p	PROPN
faba-71	110	3	500	500	NUM
faba-71	110	4	respectively	respectively	ADV
faba-71	110	5	hit	hit	VERB
faba-71	110	6	3,386.15	3,386.15	NUM
faba-71	110	7	points	point	NOUN
faba-71	110	8	–	–	PUNCT
faba-71	110	9	an	an	DET
faba-71	110	10	increase	increase	NOUN
faba-71	110	11	of	of	ADP
faba-71	110	12	116.81	116.81	NUM
faba-71	110	13	%	%	NOUN
faba-71	110	14	compared	compare	VERB
faba-71	110	15	to	to	ADP
faba-71	110	16	its	its	PRON
faba-71	110	17	october	october	PROPN
faba-71	110	18	2007	2007	NUM
faba-71	110	19	highest	high	ADJ
faba-71	110	20	level	level	NOUN
faba-71	110	21	.	.	PUNCT
faba-71	111	1	table	table	NOUN
faba-71	111	2	2	2	NUM
faba-71	111	3	.	.	PUNCT
faba-71	111	4	key	key	ADJ
faba-71	111	5	values	value	NOUN
faba-71	111	6	of	of	ADP
faba-71	111	7	djia	djia	PROPN
faba-71	111	8	for	for	ADP
faba-71	111	9	the	the	DET
faba-71	111	10	period	period	NOUN
faba-71	111	11	12	12	NUM
faba-71	111	12	feb	feb	NOUN
faba-71	111	13	,	,	PUNCT
faba-71	111	14	2020	2020	NUM
faba-71	111	15	–	–	PUNCT
faba-71	111	16	1	1	NUM
faba-71	111	17	march	march	NOUN
faba-71	111	18	,	,	PUNCT
faba-71	111	19	2021	2021	NUM
faba-71	111	20	index	index	NOUN
faba-71	111	21	date	date	NOUN
faba-71	111	22	peak	peak	NOUN
faba-71	111	23	value	value	NOUN
faba-71	111	24	before	before	ADP
faba-71	111	25	the	the	DET
faba-71	111	26	covid19	covid19	NOUN
faba-71	111	27	pandemic	pandemic	ADJ
faba-71	111	28	bottom	bottom	NOUN
faba-71	111	29	(	(	PUNCT
faba-71	111	30	trough	trough	ADJ
faba-71	111	31	)	)	PUNCT
faba-71	111	32	value	value	NOUN
faba-71	111	33	value	value	NOUN
faba-71	111	34	as	as	ADP
faba-71	111	35	of	of	ADP
faba-71	111	36	1	1	NUM
faba-71	111	37	march	march	NOUN
faba-71	111	38	,	,	PUNCT
faba-71	111	39	2021	2021	NUM
faba-71	111	40	djia	djia	PROPN
faba-71	111	41	12.02.2020	12.02.2020	NUM
faba-71	111	42	29,551.42	29,551.42	NUM
faba-71	111	43	23.03.2020	23.03.2020	NUM
faba-71	111	44	18,591.93	18,591.93	NUM
faba-71	111	45	1.03.2021	1.03.2021	NUM
faba-71	111	46	31,501.59	31,501.59	NUM
faba-71	111	47	%	%	NOUN
faba-71	111	48	of	of	ADP
faba-71	111	49	peak	peak	NOUN
faba-71	111	50	value	value	NOUN
faba-71	111	51	100.00	100.00	NUM
faba-71	111	52	%	%	NOUN
faba-71	111	53	62.91	62.91	NUM
faba-71	111	54	%	%	NOUN
faba-71	111	55	106.60	106.60	NUM
faba-71	111	56	%	%	NOUN
faba-71	111	57	difference	difference	NOUN
faba-71	111	58	(	(	PUNCT
faba-71	111	59	%	%	INTJ
faba-71	111	60	)	)	PUNCT
faba-71	112	1	-37.09	-37.09	PROPN
faba-71	112	2	%	%	NOUN
faba-71	112	3	6.60	6.60	NUM
faba-71	112	4	%	%	NOUN
faba-71	112	5	%	%	NOUN
faba-71	112	6	of	of	ADP
faba-71	112	7	bottom	bottom	ADJ
faba-71	112	8	value	value	NOUN
faba-71	112	9	100.00	100.00	NUM
faba-71	112	10	%	%	NOUN
faba-71	112	11	169.44	169.44	NUM
faba-71	112	12	%	%	NOUN
faba-71	112	13	difference	difference	NOUN
faba-71	112	14	(	(	PUNCT
faba-71	112	15	%	%	INTJ
faba-71	112	16	)	)	PUNCT
faba-71	112	17	69.44	69.44	NUM
faba-71	112	18	%	%	NOUN
faba-71	112	19	source	source	NOUN
faba-71	112	20	:	:	PUNCT
faba-71	112	21	http://finance.yahoo.com/q?s=%5edji	http://finance.yahoo.com/q?s=%5edji	PROPN
faba-71	112	22	(	(	PUNCT
faba-71	112	23	accessed	access	VERB
faba-71	112	24	4	4	NUM
faba-71	112	25	march	march	NOUN
faba-71	112	26	,	,	PUNCT
faba-71	112	27	2021	2021	NUM
faba-71	112	28	)	)	PUNCT
faba-71	113	1	http://finance.yahoo.com/echarts?s=%5egspc+interactive	http://finance.yahoo.com/echarts?s=%5egspc+interactive	PROPN
faba-71	113	2	(	(	PUNCT
faba-71	113	3	accessed	access	VERB
faba-71	113	4	4	4	NUM
faba-71	113	5	march	march	NOUN
faba-71	113	6	,	,	PUNCT
faba-71	113	7	2021	2021	NUM
faba-71	113	8	)	)	PUNCT
faba-71	113	9	calculations	calculation	NOUN
faba-71	113	10	of	of	ADP
faba-71	113	11	the	the	DET
faba-71	113	12	author	author	NOUN
faba-71	113	13	table	table	NOUN
faba-71	113	14	2	2	NUM
faba-71	113	15	covers	cover	VERB
faba-71	113	16	the	the	DET
faba-71	113	17	dynamics	dynamic	NOUN
faba-71	113	18	of	of	ADP
faba-71	113	19	djia	djia	PROPN
faba-71	113	20	during	during	ADP
faba-71	113	21	the	the	DET
faba-71	113	22	turbulent	turbulent	ADJ
faba-71	113	23	year	year	NOUN
faba-71	113	24	2020	2020	NUM
faba-71	113	25	.	.	PUNCT
faba-71	114	1	there	there	PRON
faba-71	114	2	was	be	VERB
faba-71	114	3	a	a	DET
faba-71	114	4	sharp	sharp	ADJ
faba-71	114	5	decline	decline	NOUN
faba-71	114	6	in	in	ADP
faba-71	114	7	the	the	DET
faba-71	114	8	index	index	NOUN
faba-71	114	9	of	of	ADP
faba-71	114	10	37.09	37.09	NUM
faba-71	114	11	%	%	NOUN
faba-71	114	12	just	just	ADV
faba-71	114	13	within	within	ADP
faba-71	114	14	40	40	NUM
faba-71	114	15	days	day	NOUN
faba-71	114	16	–	–	PUNCT
faba-71	114	17	until	until	ADP
faba-71	114	18	23	23	NUM
faba-71	114	19	march	march	NOUN
faba-71	114	20	.	.	PUNCT
faba-71	115	1	this	this	PRON
faba-71	115	2	included	include	VERB
faba-71	115	3	the	the	DET
faba-71	115	4	largest	large	ADJ
faba-71	115	5	single	single	ADJ
faba-71	115	6	-	-	PUNCT
faba-71	115	7	day	day	NOUN
faba-71	115	8	drop	drop	NOUN
faba-71	115	9	by	by	ADP
faba-71	115	10	points	point	NOUN
faba-71	115	11	in	in	ADP
faba-71	115	12	the	the	DET
faba-71	115	13	history	history	NOUN
faba-71	115	14	of	of	ADP
faba-71	115	15	the	the	DET
faba-71	115	16	djia	djia	PROPN
faba-71	115	17	of	of	ADP
faba-71	115	18	-2,997.1	-2,997.1	PROPN
faba-71	115	19	(	(	PUNCT
faba-71	115	20	on	on	ADP
faba-71	115	21	march	march	PROPN
faba-71	115	22	16	16	NUM
faba-71	115	23	,	,	PUNCT
faba-71	115	24	2020	2020	NUM
faba-71	115	25	)	)	PUNCT
faba-71	115	26	.	.	PUNCT
faba-71	116	1	by	by	ADP
faba-71	116	2	1	1	NUM
faba-71	116	3	march	march	NOUN
faba-71	116	4	,	,	PUNCT
faba-71	116	5	2021	2021	NUM
faba-71	116	6	,	,	PUNCT
faba-71	116	7	despite	despite	SCONJ
faba-71	116	8	the	the	DET
faba-71	116	9	ongoing	ongoing	ADJ
faba-71	116	10	pandemic	pandemic	NOUN
faba-71	116	11	,	,	PUNCT
faba-71	116	12	djia	djia	PROPN
faba-71	116	13	surged	surge	VERB
faba-71	116	14	again	again	ADV
faba-71	116	15	to	to	ADP
faba-71	116	16	106.60	106.60	NUM
faba-71	116	17	%	%	NOUN
faba-71	116	18	of	of	ADP
faba-71	116	19	the	the	DET
faba-71	116	20	record	record	ADJ
faba-71	116	21	high	high	ADJ
faba-71	116	22	level	level	NOUN
faba-71	116	23	from	from	ADP
faba-71	116	24	12	12	NUM
faba-71	116	25	feb	feb	NOUN
faba-71	116	26	,	,	PUNCT
faba-71	116	27	2020	2020	NUM
faba-71	116	28	,	,	PUNCT
faba-71	116	29	or	or	CCONJ
faba-71	116	30	surpassed	surpass	VERB
faba-71	116	31	it	it	PRON
faba-71	116	32	by	by	ADP
faba-71	116	33	6.60	6.60	NUM
faba-71	116	34	%	%	NOUN
faba-71	116	35	.	.	PUNCT
faba-71	117	1	this	this	PRON
faba-71	117	2	corresponded	correspond	VERB
faba-71	117	3	to	to	ADP
faba-71	117	4	an	an	DET
faba-71	117	5	increase	increase	NOUN
faba-71	117	6	of	of	ADP
faba-71	117	7	69.44	69.44	NUM
faba-71	117	8	%	%	NOUN
faba-71	117	9	,	,	PUNCT
faba-71	117	10	compared	compare	VERB
faba-71	117	11	to	to	ADP
faba-71	117	12	the	the	DET
faba-71	117	13	bottom	bottom	ADJ
faba-71	117	14	value	value	NOUN
faba-71	117	15	of	of	ADP
faba-71	117	16	23	23	NUM
faba-71	117	17	march	march	NOUN
faba-71	117	18	,	,	PUNCT
faba-71	117	19	2020	2020	NUM
faba-71	117	20	.	.	PUNCT
faba-71	118	1	table	table	NOUN
faba-71	118	2	3	3	NUM
faba-71	118	3	.	.	PUNCT
faba-71	119	1	key	key	ADJ
faba-71	119	2	values	value	NOUN
faba-71	119	3	of	of	ADP
faba-71	119	4	s&p	s&p	PROPN
faba-71	119	5	500	500	NUM
faba-71	119	6	for	for	ADP
faba-71	119	7	the	the	DET
faba-71	119	8	period	period	NOUN
faba-71	119	9	19	19	NUM
faba-71	119	10	feb	feb	NOUN
faba-71	119	11	,	,	PUNCT
faba-71	119	12	2020	2020	NUM
faba-71	119	13	–	–	PUNCT
faba-71	119	14	1	1	NUM
faba-71	119	15	march	march	NOUN
faba-71	119	16	,	,	PUNCT
faba-71	119	17	2021	2021	NUM
faba-71	119	18	index	index	NOUN
faba-71	119	19	date	date	NOUN
faba-71	119	20	peak	peak	NOUN
faba-71	119	21	value	value	NOUN
faba-71	119	22	before	before	ADP
faba-71	119	23	the	the	DET
faba-71	119	24	covid-19	covid-19	PROPN
faba-71	119	25	pandemic	pandemic	ADJ
faba-71	119	26	bottom	bottom	NOUN
faba-71	119	27	(	(	PUNCT
faba-71	119	28	trough	trough	ADJ
faba-71	119	29	)	)	PUNCT
faba-71	119	30	value	value	NOUN
faba-71	119	31	value	value	NOUN
faba-71	119	32	as	as	ADP
faba-71	119	33	of	of	ADP
faba-71	119	34	1	1	NUM
faba-71	119	35	march	march	NOUN
faba-71	119	36	,	,	PUNCT
faba-71	119	37	2021	2021	NUM
faba-71	119	38	s&p	s&p	PROPN
faba-71	119	39	500	500	NUM
faba-71	119	40	19.02.2020	19.02.2020	NUM
faba-71	119	41	3,386.15	3,386.15	NUM
faba-71	119	42	23.03.2020	23.03.2020	NUM
faba-71	119	43	2,237.40	2,237.40	NUM
faba-71	119	44	1.03.2021	1.03.2021	NUM
faba-71	119	45	3,901.84	3,901.84	NUM
faba-71	119	46	%	%	NOUN
faba-71	119	47	of	of	ADP
faba-71	119	48	peak	peak	NOUN
faba-71	119	49	value	value	NOUN
faba-71	119	50	100.00	100.00	NUM
faba-71	119	51	%	%	NOUN
faba-71	119	52	66.08	66.08	NUM
faba-71	119	53	%	%	NOUN
faba-71	119	54	115.23	115.23	NUM
faba-71	119	55	%	%	NOUN
faba-71	119	56	difference	difference	NOUN
faba-71	119	57	(	(	PUNCT
faba-71	119	58	%	%	INTJ
faba-71	119	59	)	)	PUNCT
faba-71	120	1	-33.92	-33.92	NUM
faba-71	120	2	%	%	NOUN
faba-71	120	3	15.23	15.23	NUM
faba-71	120	4	%	%	NOUN
faba-71	120	5	%	%	NOUN
faba-71	120	6	of	of	ADP
faba-71	120	7	bottom	bottom	ADJ
faba-71	120	8	value	value	NOUN
faba-71	120	9	100.00	100.00	NUM
faba-71	120	10	%	%	NOUN
faba-71	120	11	174.39	174.39	NUM
faba-71	120	12	%	%	NOUN
faba-71	120	13	difference	difference	NOUN
faba-71	120	14	(	(	PUNCT
faba-71	120	15	%	%	NOUN
faba-71	120	16	)	)	PUNCT
faba-71	120	17	74.39	74.39	NUM
faba-71	120	18	%	%	NOUN
faba-71	120	19	source	source	NOUN
faba-71	120	20	:	:	PUNCT
faba-71	120	21	http://finance.yahoo.com/q?s=%5edji	http://finance.yahoo.com/q?s=%5edji	PROPN
faba-71	120	22	(	(	PUNCT
faba-71	120	23	accessed	access	VERB
faba-71	120	24	4	4	NUM
faba-71	120	25	march	march	NOUN
faba-71	120	26	,	,	PUNCT
faba-71	120	27	2021	2021	NUM
faba-71	120	28	)	)	PUNCT
faba-71	121	1	http://finance.yahoo.com/echarts?s=%5egspc+interactive	http://finance.yahoo.com/echarts?s=%5egspc+interactive	PROPN
faba-71	121	2	(	(	PUNCT
faba-71	121	3	accessed	access	VERB
faba-71	121	4	4	4	NUM
faba-71	121	5	march	march	NOUN
faba-71	121	6	,	,	PUNCT
faba-71	121	7	2021	2021	NUM
faba-71	121	8	)	)	PUNCT
faba-71	121	9	calculations	calculation	NOUN
faba-71	121	10	of	of	ADP
faba-71	121	11	the	the	DET
faba-71	121	12	author	author	NOUN
faba-71	121	13	the	the	DET
faba-71	121	14	most	most	ADV
faba-71	121	15	dramatic	dramatic	ADJ
faba-71	121	16	moves	move	NOUN
faba-71	121	17	of	of	ADP
faba-71	121	18	the	the	DET
faba-71	121	19	s&p	s&p	PROPN
faba-71	121	20	500	500	NUM
faba-71	121	21	index	index	NOUN
faba-71	121	22	during	during	ADP
faba-71	121	23	2020	2020	NUM
faba-71	121	24	can	can	AUX
faba-71	121	25	be	be	AUX
faba-71	121	26	seen	see	VERB
faba-71	121	27	in	in	ADP
faba-71	121	28	table	table	NOUN
faba-71	121	29	3	3	NUM
faba-71	121	30	.	.	PUNCT
faba-71	122	1	there	there	PRON
faba-71	122	2	was	be	VERB
faba-71	122	3	a	a	DET
faba-71	122	4	sharp	sharp	ADJ
faba-71	122	5	decline	decline	NOUN
faba-71	122	6	by	by	ADP
faba-71	122	7	33.92	33.92	NUM
faba-71	122	8	%	%	NOUN
faba-71	122	9	between	between	ADP
faba-71	122	10	19	19	NUM
faba-71	122	11	feb	feb	NOUN
faba-71	122	12	and	and	CCONJ
faba-71	122	13	23	23	NUM
faba-71	122	14	march	march	NOUN
faba-71	122	15	,	,	PUNCT
faba-71	122	16	2020	2020	NUM
faba-71	122	17	.	.	PUNCT
faba-71	123	1	it	it	PRON
faba-71	123	2	was	be	AUX
faba-71	123	3	followed	follow	VERB
faba-71	123	4	by	by	ADP
faba-71	123	5	a	a	DET
faba-71	123	6	rise	rise	NOUN
faba-71	123	7	and	and	CCONJ
faba-71	123	8	by	by	ADP
faba-71	123	9	1	1	NUM
faba-71	123	10	march	march	NOUN
faba-71	123	11	,	,	PUNCT
faba-71	123	12	2021	2021	NUM
faba-71	123	13	the	the	DET
faba-71	123	14	s&p	s&p	PROPN
faba-71	123	15	500	500	NUM
faba-71	123	16	surpassed	surpass	VERB
faba-71	123	17	the	the	DET
faba-71	123	18	feb	feb	PROPN
faba-71	123	19	19	19	NUM
faba-71	123	20	,	,	PUNCT
faba-71	123	21	2020	2020	NUM
faba-71	123	22	record	record	NOUN
faba-71	123	23	by	by	ADP
faba-71	123	24	15.23	15.23	NUM
faba-71	123	25	%	%	NOUN
faba-71	123	26	.	.	PUNCT
faba-71	124	1	this	this	PRON
faba-71	124	2	was	be	AUX
faba-71	124	3	the	the	DET
faba-71	124	4	equivalent	equivalent	NOUN
faba-71	124	5	of	of	ADP
faba-71	124	6	a	a	DET
faba-71	124	7	rise	rise	NOUN
faba-71	124	8	of	of	ADP
faba-71	124	9	74.39	74.39	NUM
faba-71	124	10	%	%	NOUN
faba-71	124	11	compared	compare	VERB
faba-71	124	12	to	to	ADP
faba-71	124	13	the	the	DET
faba-71	124	14	bottom	bottom	NOUN
faba-71	124	15	of	of	ADP
faba-71	124	16	23	23	NUM
faba-71	124	17	march	march	NOUN
faba-71	124	18	,	,	PUNCT
faba-71	124	19	2020	2020	NUM
faba-71	124	20	.	.	PUNCT
faba-71	125	1	http://finance.yahoo.com/q?s=%5edji	http://finance.yahoo.com/q?s=%5edji	PROPN
faba-71	125	2	http://finance.yahoo.com/echarts?s=%5egspc+interactive	http://finance.yahoo.com/echarts?s=%5egspc+interactive	PROPN
faba-71	125	3	http://finance.yahoo.com/q?s=%5edji	http://finance.yahoo.com/q?s=%5edji	PROPN
faba-71	125	4	http://finance.yahoo.com/echarts?s=%5egspc+interactive	http://finance.yahoo.com/echarts?s=%5egspc+interactive	PROPN
faba-71	125	5	http://finance.yahoo.com/q?s=%5edji	http://finance.yahoo.com/q?s=%5edji	PROPN
faba-71	126	1	http://finance.yahoo.com/echarts?s=%5egspc+interactive	http://finance.yahoo.com/echarts?s=%5egspc+interactive	PROPN
faba-71	126	2	dimiter	dimiter	NOUN
faba-71	126	3	nenkov	nenkov	PROPN
faba-71	126	4	/	/	SYM
faba-71	126	5	finance	finance	NOUN
faba-71	126	6	,	,	PUNCT
faba-71	126	7	accounting	accounting	NOUN
faba-71	126	8	and	and	CCONJ
faba-71	126	9	business	business	NOUN
faba-71	126	10	analysis	analysis	NOUN
faba-71	126	11	3	3	NUM
faba-71	126	12	(	(	PUNCT
faba-71	126	13	1	1	NUM
faba-71	126	14	)	)	PUNCT
faba-71	126	15	2021	2021	NUM
faba-71	126	16	61	61	NUM
faba-71	126	17	as	as	SCONJ
faba-71	126	18	it	it	PRON
faba-71	126	19	is	be	AUX
faba-71	126	20	evident	evident	ADJ
faba-71	126	21	from	from	ADP
faba-71	126	22	the	the	DET
faba-71	126	23	above	above	ADJ
faba-71	126	24	numbers	number	NOUN
faba-71	126	25	,	,	PUNCT
faba-71	126	26	there	there	PRON
faba-71	126	27	has	have	AUX
faba-71	126	28	been	be	AUX
faba-71	126	29	surge	surge	NOUN
faba-71	126	30	of	of	ADP
faba-71	126	31	the	the	DET
faba-71	126	32	broad	broad	ADJ
faba-71	126	33	benchmark	benchmark	NOUN
faba-71	126	34	index	index	NOUN
faba-71	126	35	s&p	s&p	PROPN
faba-71	126	36	500	500	NUM
faba-71	126	37	by	by	ADP
faba-71	126	38	15.23	15.23	NUM
faba-71	126	39	%	%	NOUN
faba-71	126	40	(	(	PUNCT
faba-71	126	41	for	for	ADP
faba-71	126	42	the	the	DET
faba-71	126	43	period	period	NOUN
faba-71	126	44	19	19	NUM
faba-71	126	45	feb	feb	NOUN
faba-71	126	46	,	,	PUNCT
faba-71	126	47	2020	2020	NUM
faba-71	126	48	–	–	PUNCT
faba-71	126	49	1	1	NUM
faba-71	126	50	march	march	NOUN
faba-71	126	51	,	,	PUNCT
faba-71	126	52	2021	2021	NUM
faba-71	126	53	)	)	PUNCT
faba-71	126	54	,	,	PUNCT
faba-71	126	55	while	while	SCONJ
faba-71	126	56	the	the	DET
faba-71	126	57	economy	economy	NOUN
faba-71	126	58	has	have	AUX
faba-71	126	59	been	be	AUX
faba-71	126	60	down	down	ADV
faba-71	126	61	by	by	ADP
faba-71	126	62	3.5	3.5	NUM
faba-71	126	63	%	%	NOUN
faba-71	126	64	(	(	PUNCT
faba-71	126	65	as	as	SCONJ
faba-71	126	66	measured	measure	VERB
faba-71	126	67	by	by	ADP
faba-71	126	68	the	the	DET
faba-71	126	69	gross	gross	ADJ
faba-71	126	70	domestic	domestic	ADJ
faba-71	126	71	product	product	NOUN
faba-71	126	72	–	–	PUNCT
faba-71	126	73	gdp	gdp	NOUN
faba-71	126	74	)	)	PUNCT
faba-71	126	75	in	in	ADP
faba-71	126	76	2020	2020	NUM
faba-71	126	77	(	(	PUNCT
faba-71	126	78	popov	popov	PROPN
faba-71	126	79	,	,	PUNCT
faba-71	126	80	b.	b.	PROPN
faba-71	126	81	2021	2021	NUM
faba-71	126	82	)	)	PUNCT
faba-71	126	83	.	.	PUNCT
faba-71	127	1	this	this	DET
faba-71	127	2	discrepancy	discrepancy	NOUN
faba-71	127	3	is	be	AUX
faba-71	127	4	usually	usually	ADV
faba-71	127	5	explained	explain	VERB
faba-71	127	6	by	by	ADP
faba-71	127	7	optimistic	optimistic	ADJ
faba-71	127	8	expectations	expectation	NOUN
faba-71	127	9	about	about	ADP
faba-71	127	10	the	the	DET
faba-71	127	11	future	future	ADJ
faba-71	127	12	development	development	NOUN
faba-71	127	13	of	of	ADP
faba-71	127	14	the	the	DET
faba-71	127	15	covid-19	covid-19	PROPN
faba-71	127	16	pandemic	pandemic	NOUN
faba-71	127	17	,	,	PUNCT
faba-71	127	18	and	and	CCONJ
faba-71	127	19	about	about	ADP
faba-71	127	20	the	the	DET
faba-71	127	21	economy	economy	NOUN
faba-71	127	22	in	in	ADP
faba-71	127	23	2021	2021	NUM
faba-71	127	24	and	and	CCONJ
faba-71	127	25	following	follow	VERB
faba-71	127	26	years	year	NOUN
faba-71	127	27	.	.	PUNCT
faba-71	128	1	it	it	PRON
faba-71	128	2	is	be	AUX
faba-71	128	3	true	true	ADJ
faba-71	128	4	that	that	SCONJ
faba-71	128	5	the	the	DET
faba-71	128	6	stock	stock	NOUN
faba-71	128	7	market	market	NOUN
faba-71	128	8	sells	sell	VERB
faba-71	128	9	expectations	expectation	NOUN
faba-71	128	10	,	,	PUNCT
faba-71	128	11	but	but	CCONJ
faba-71	128	12	it	it	PRON
faba-71	128	13	is	be	AUX
faba-71	128	14	still	still	ADV
faba-71	128	15	hard	hard	ADJ
faba-71	128	16	for	for	SCONJ
faba-71	128	17	most	most	ADJ
faba-71	128	18	serious	serious	ADJ
faba-71	128	19	analysts	analyst	NOUN
faba-71	128	20	and	and	CCONJ
faba-71	128	21	investors	investor	NOUN
faba-71	128	22	to	to	PART
faba-71	128	23	accept	accept	VERB
faba-71	128	24	such	such	ADJ
faba-71	128	25	discrepancy	discrepancy	NOUN
faba-71	128	26	as	as	ADP
faba-71	128	27	being	be	AUX
faba-71	128	28	normal	normal	ADJ
faba-71	128	29	.	.	PUNCT
faba-71	129	1	to	to	PART
faba-71	129	2	find	find	VERB
faba-71	129	3	a	a	DET
faba-71	129	4	truly	truly	ADV
faba-71	129	5	satisfactory	satisfactory	ADJ
faba-71	129	6	explanation	explanation	NOUN
faba-71	129	7	of	of	ADP
faba-71	129	8	this	this	DET
faba-71	129	9	situation	situation	NOUN
faba-71	129	10	,	,	PUNCT
faba-71	129	11	it	it	PRON
faba-71	129	12	is	be	AUX
faba-71	129	13	necessary	necessary	ADJ
faba-71	129	14	to	to	PART
faba-71	129	15	dig	dig	VERB
faba-71	129	16	deeper	deeply	ADV
faba-71	129	17	into	into	ADP
faba-71	129	18	the	the	DET
faba-71	129	19	fundamental	fundamental	ADJ
faba-71	129	20	issues	issue	NOUN
faba-71	129	21	,	,	PUNCT
faba-71	129	22	related	relate	VERB
faba-71	129	23	to	to	ADP
faba-71	129	24	the	the	DET
faba-71	129	25	driving	drive	VERB
faba-71	129	26	forces	force	NOUN
faba-71	129	27	of	of	ADP
faba-71	129	28	the	the	DET
faba-71	129	29	stock	stock	NOUN
faba-71	129	30	market	market	NOUN
faba-71	129	31	.	.	PUNCT
faba-71	130	1	dynamics	dynamic	NOUN
faba-71	130	2	of	of	ADP
faba-71	130	3	the	the	DET
faba-71	130	4	price	price	NOUN
faba-71	130	5	-	-	PUNCT
faba-71	130	6	earnings	earning	NOUN
faba-71	130	7	ratios	ratio	NOUN
faba-71	130	8	on	on	ADP
faba-71	130	9	the	the	DET
faba-71	130	10	us	us	PROPN
faba-71	130	11	stock	stock	NOUN
faba-71	130	12	market	market	NOUN
faba-71	130	13	one	one	NUM
faba-71	130	14	of	of	ADP
faba-71	130	15	the	the	DET
faba-71	130	16	first	first	ADJ
faba-71	130	17	market	market	NOUN
faba-71	130	18	performance	performance	NOUN
faba-71	130	19	indicators	indicator	NOUN
faba-71	130	20	of	of	ADP
faba-71	130	21	stocks	stock	NOUN
faba-71	130	22	,	,	PUNCT
faba-71	130	23	which	which	PRON
faba-71	130	24	is	be	AUX
faba-71	130	25	addressed	address	VERB
faba-71	130	26	for	for	ADP
faba-71	130	27	the	the	DET
faba-71	130	28	purpose	purpose	NOUN
faba-71	130	29	of	of	ADP
faba-71	130	30	discussing	discuss	VERB
faba-71	130	31	the	the	DET
faba-71	130	32	validity	validity	NOUN
faba-71	130	33	of	of	ADP
faba-71	130	34	stock	stock	NOUN
faba-71	130	35	-	-	PUNCT
faba-71	130	36	market	market	NOUN
faba-71	130	37	levels	level	NOUN
faba-71	130	38	,	,	PUNCT
faba-71	130	39	is	be	AUX
faba-71	130	40	the	the	DET
faba-71	130	41	price	price	NOUN
faba-71	130	42	-	-	PUNCT
faba-71	130	43	earnings	earning	NOUN
faba-71	130	44	ratio	ratio	NOUN
faba-71	130	45	(	(	PUNCT
faba-71	130	46	pe	pe	INTJ
faba-71	130	47	)	)	PUNCT
faba-71	130	48	.	.	PUNCT
faba-71	131	1	figure	figure	NOUN
faba-71	131	2	2	2	NUM
faba-71	131	3	illustrates	illustrate	VERB
faba-71	131	4	the	the	DET
faba-71	131	5	dynamics	dynamic	NOUN
faba-71	131	6	of	of	ADP
faba-71	131	7	the	the	DET
faba-71	131	8	pe	pe	PROPN
faba-71	131	9	ratio	ratio	NOUN
faba-71	131	10	of	of	ADP
faba-71	131	11	the	the	DET
faba-71	131	12	s&p	s&p	PROPN
faba-71	131	13	500	500	NUM
faba-71	131	14	during	during	ADP
faba-71	131	15	the	the	DET
faba-71	131	16	long	long	ADJ
faba-71	131	17	-	-	PUNCT
faba-71	131	18	term	term	NOUN
faba-71	131	19	period	period	NOUN
faba-71	131	20	between	between	ADP
faba-71	131	21	jan	jan	PROPN
faba-71	131	22	1	1	NUM
faba-71	131	23	,	,	PUNCT
faba-71	131	24	1871	1871	NUM
faba-71	131	25	march	march	PROPN
faba-71	131	26	4	4	NUM
faba-71	131	27	,	,	PUNCT
faba-71	131	28	2021	2021	NUM
faba-71	131	29	(	(	PUNCT
faba-71	131	30	by	by	ADP
faba-71	131	31	years	year	NOUN
faba-71	131	32	)	)	PUNCT
faba-71	131	33	.	.	PUNCT
faba-71	132	1	the	the	DET
faba-71	132	2	numbers	number	NOUN
faba-71	132	3	are	be	AUX
faba-71	132	4	at	at	ADP
faba-71	132	5	the	the	DET
faba-71	132	6	beginning	beginning	NOUN
faba-71	132	7	of	of	ADP
faba-71	132	8	each	each	DET
faba-71	132	9	year	year	NOUN
faba-71	132	10	.	.	PUNCT
faba-71	133	1	the	the	DET
faba-71	133	2	ratios	ratio	NOUN
faba-71	133	3	used	use	VERB
faba-71	133	4	are	be	AUX
faba-71	133	5	trailing	trail	VERB
faba-71	133	6	pes	pe	NOUN
faba-71	133	7	,	,	PUNCT
faba-71	133	8	based	base	VERB
faba-71	133	9	on	on	ADP
faba-71	133	10	companies	company	NOUN
faba-71	133	11	’	'	PUNCT
faba-71	133	12	trailing	trail	VERB
faba-71	133	13	12	12	NUM
faba-71	133	14	-	-	PUNCT
faba-71	133	15	month	month	NOUN
faba-71	133	16	earnings	earning	NOUN
faba-71	133	17	per	per	ADP
faba-71	133	18	share	share	NOUN
faba-71	133	19	(	(	PUNCT
faba-71	133	20	eps	eps	PROPN
faba-71	133	21	)	)	PUNCT
faba-71	133	22	.	.	PUNCT
faba-71	134	1	the	the	DET
faba-71	134	2	arithmetic	arithmetic	ADJ
faba-71	134	3	average	average	NOUN
faba-71	134	4	for	for	ADP
faba-71	134	5	the	the	DET
faba-71	134	6	entire	entire	ADJ
faba-71	134	7	period	period	NOUN
faba-71	134	8	is	be	AUX
faba-71	134	9	15.95	15.95	NUM
faba-71	134	10	and	and	CCONJ
faba-71	134	11	the	the	DET
faba-71	134	12	median	median	NOUN
faba-71	134	13	is	be	AUX
faba-71	134	14	14.89	14.89	NUM
faba-71	134	15	.	.	PUNCT
faba-71	135	1	the	the	DET
faba-71	135	2	graph	graph	NOUN
faba-71	135	3	shows	show	VERB
faba-71	135	4	that	that	SCONJ
faba-71	135	5	from	from	ADP
faba-71	135	6	the	the	DET
faba-71	135	7	beginning	beginning	NOUN
faba-71	135	8	of	of	ADP
faba-71	135	9	the	the	DET
faba-71	135	10	period	period	NOUN
faba-71	135	11	until	until	ADP
faba-71	135	12	the	the	DET
faba-71	135	13	end	end	NOUN
faba-71	135	14	of	of	ADP
faba-71	135	15	the	the	DET
faba-71	135	16	1980	1980	NUM
faba-71	135	17	-	-	PUNCT
faba-71	135	18	ies	ies	NOUN
faba-71	135	19	the	the	DET
faba-71	135	20	ratio	ratio	NOUN
faba-71	135	21	fluctuates	fluctuate	NOUN
faba-71	135	22	mainly	mainly	ADV
faba-71	135	23	around	around	ADP
faba-71	135	24	15	15	NUM
faba-71	135	25	times	time	NOUN
faba-71	135	26	earnings	earning	NOUN
faba-71	135	27	,	,	PUNCT
faba-71	135	28	within	within	ADP
faba-71	135	29	the	the	DET
faba-71	135	30	range	range	NOUN
faba-71	135	31	between	between	ADP
faba-71	135	32	5	5	NUM
faba-71	135	33	and	and	CCONJ
faba-71	135	34	25	25	NUM
faba-71	135	35	.	.	PUNCT
faba-71	136	1	the	the	DET
faba-71	136	2	average	average	ADJ
faba-71	136	3	pe	pe	NOUN
faba-71	136	4	for	for	ADP
faba-71	136	5	this	this	DET
faba-71	136	6	sub	sub	NOUN
faba-71	136	7	-	-	NOUN
faba-71	136	8	period	period	NOUN
faba-71	136	9	is	be	AUX
faba-71	136	10	13.73	13.73	NUM
faba-71	136	11	and	and	CCONJ
faba-71	136	12	the	the	DET
faba-71	136	13	median	median	NOUN
faba-71	136	14	is	be	AUX
faba-71	136	15	13.43	13.43	NUM
faba-71	136	16	.	.	PUNCT
faba-71	137	1	since	since	SCONJ
faba-71	137	2	the	the	DET
faba-71	137	3	1990	1990	NUM
faba-71	137	4	-	-	PUNCT
faba-71	137	5	ies	ie	NOUN
faba-71	137	6	however	however	ADV
faba-71	137	7	,	,	PUNCT
faba-71	137	8	the	the	DET
faba-71	137	9	lower	low	ADJ
faba-71	137	10	border	border	NOUN
faba-71	137	11	of	of	ADP
faba-71	137	12	the	the	DET
faba-71	137	13	interval	interval	NOUN
faba-71	137	14	has	have	AUX
faba-71	137	15	risen	rise	VERB
faba-71	137	16	to	to	ADP
faba-71	137	17	about	about	ADV
faba-71	137	18	15	15	NUM
faba-71	137	19	,	,	PUNCT
faba-71	137	20	and	and	CCONJ
faba-71	137	21	the	the	DET
faba-71	137	22	pe	pe	PROPN
faba-71	137	23	has	have	AUX
faba-71	137	24	been	be	AUX
faba-71	137	25	mainly	mainly	ADV
faba-71	137	26	within	within	ADP
faba-71	137	27	the	the	DET
faba-71	137	28	range	range	NOUN
faba-71	137	29	between	between	ADP
faba-71	137	30	15	15	NUM
faba-71	137	31	and	and	CCONJ
faba-71	137	32	30	30	NUM
faba-71	137	33	times	time	NOUN
faba-71	137	34	earnings	earning	NOUN
faba-71	137	35	.	.	PUNCT
faba-71	138	1	respectively	respectively	ADV
faba-71	138	2	,	,	PUNCT
faba-71	138	3	the	the	DET
faba-71	138	4	arithmetic	arithmetic	ADJ
faba-71	138	5	average	average	NOUN
faba-71	138	6	pe	pe	NOUN
faba-71	138	7	for	for	ADP
faba-71	138	8	this	this	DET
faba-71	138	9	more	more	ADV
faba-71	138	10	recent	recent	ADJ
faba-71	138	11	sub	sub	ADJ
faba-71	138	12	-	-	NOUN
faba-71	138	13	period	period	NOUN
faba-71	138	14	is	be	AUX
faba-71	138	15	quite	quite	ADV
faba-71	138	16	higher	high	ADJ
faba-71	138	17	–	–	PUNCT
faba-71	138	18	24.96	24.96	NUM
faba-71	138	19	,	,	PUNCT
faba-71	138	20	and	and	CCONJ
faba-71	138	21	the	the	DET
faba-71	138	22	median	median	NOUN
faba-71	138	23	is	be	AUX
faba-71	138	24	21.82	21.82	NUM
faba-71	138	25	.	.	PUNCT
faba-71	139	1	the	the	DET
faba-71	139	2	volatility	volatility	NOUN
faba-71	139	3	of	of	ADP
faba-71	139	4	the	the	DET
faba-71	139	5	pe	pe	PROPN
faba-71	139	6	is	be	AUX
faba-71	139	7	also	also	ADV
faba-71	139	8	much	much	ADV
faba-71	139	9	higher	high	ADJ
faba-71	139	10	during	during	ADP
faba-71	139	11	this	this	DET
faba-71	139	12	sub	sub	NOUN
faba-71	139	13	-	-	NOUN
faba-71	139	14	period	period	NOUN
faba-71	139	15	.	.	PUNCT
faba-71	140	1	figure	figure	NOUN
faba-71	140	2	2	2	NUM
faba-71	140	3	.	.	PUNCT
faba-71	141	1	dynamics	dynamic	NOUN
faba-71	141	2	of	of	ADP
faba-71	141	3	the	the	DET
faba-71	141	4	s&p	s&p	PROPN
faba-71	141	5	500	500	NUM
faba-71	141	6	pe	pe	NOUN
faba-71	141	7	ratio	ratio	NOUN
faba-71	141	8	for	for	ADP
faba-71	141	9	the	the	DET
faba-71	141	10	period	period	NOUN
faba-71	141	11	1871	1871	NUM
faba-71	141	12	-	-	SYM
faba-71	141	13	2021	2021	NUM
faba-71	141	14	source	source	NOUN
faba-71	141	15	:	:	PUNCT
faba-71	141	16	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	ADV
faba-71	141	17	the	the	DET
faba-71	141	18	calculated	calculate	VERB
faba-71	141	19	above	above	ADP
faba-71	141	20	average	average	ADJ
faba-71	141	21	pe	pe	X
faba-71	141	22	ratios	ratio	NOUN
faba-71	141	23	by	by	ADP
faba-71	141	24	sub	sub	NOUN
faba-71	141	25	-	-	ADJ
faba-71	141	26	periods	period	NOUN
faba-71	141	27	are	be	AUX
faba-71	141	28	compared	compare	VERB
faba-71	141	29	in	in	ADP
faba-71	141	30	table	table	NOUN
faba-71	141	31	4	4	NUM
faba-71	141	32	.	.	PUNCT
faba-71	142	1	the	the	DET
faba-71	142	2	average	average	ADJ
faba-71	142	3	pe	pe	NOUN
faba-71	142	4	level	level	NOUN
faba-71	142	5	for	for	ADP
faba-71	142	6	the	the	DET
faba-71	142	7	period	period	NOUN
faba-71	142	8	1991	1991	NUM
faba-71	142	9	-	-	SYM
faba-71	142	10	2021	2021	NUM
faba-71	142	11	is	be	AUX
faba-71	142	12	significantly	significantly	ADV
faba-71	142	13	higher	high	ADJ
faba-71	142	14	than	than	ADP
faba-71	142	15	that	that	PRON
faba-71	142	16	for	for	ADP
faba-71	142	17	the	the	DET
faba-71	142	18	preceding	precede	VERB
faba-71	142	19	longer	long	ADJ
faba-71	142	20	period	period	NOUN
faba-71	142	21	(	(	PUNCT
faba-71	142	22	1871	1871	NUM
faba-71	142	23	-	-	SYM
faba-71	142	24	1990	1990	NUM
faba-71	142	25	)	)	PUNCT
faba-71	142	26	.	.	PUNCT
faba-71	143	1	the	the	DET
faba-71	143	2	arithmetic	arithmetic	ADJ
faba-71	143	3	average	average	NOUN
faba-71	143	4	for	for	ADP
faba-71	143	5	the	the	DET
faba-71	143	6	last	last	ADJ
faba-71	143	7	three	three	NUM
faba-71	143	8	decades	decade	NOUN
faba-71	143	9	is	be	AUX
faba-71	143	10	by	by	ADP
faba-71	143	11	81.79	81.79	NUM
faba-71	143	12	%	%	NOUN
faba-71	143	13	higher	high	ADJ
faba-71	143	14	,	,	PUNCT
faba-71	143	15	and	and	CCONJ
faba-71	143	16	the	the	DET
faba-71	143	17	median	median	NOUN
faba-71	143	18	is	be	AUX
faba-71	143	19	by	by	ADP
faba-71	143	20	62.47	62.47	NUM
faba-71	143	21	%	%	NOUN
faba-71	143	22	higher	high	ADJ
faba-71	143	23	.	.	PUNCT
faba-71	144	1	these	these	PRON
faba-71	144	2	are	be	AUX
faba-71	144	3	the	the	DET
faba-71	144	4	three	three	NUM
faba-71	144	5	decades	decade	NOUN
faba-71	144	6	during	during	ADP
faba-71	144	7	which	which	PRON
faba-71	144	8	there	there	PRON
faba-71	144	9	has	have	AUX
faba-71	144	10	been	be	AUX
faba-71	144	11	a	a	DET
faba-71	144	12	lot	lot	NOUN
faba-71	144	13	of	of	ADP
faba-71	144	14	talk	talk	NOUN
faba-71	144	15	on	on	ADP
faba-71	144	16	the	the	DET
faba-71	144	17	stock	stock	NOUN
faba-71	144	18	market	market	NOUN
faba-71	144	19	about	about	ADP
faba-71	144	20	the	the	DET
faba-71	144	21	so	so	ADV
faba-71	144	22	called	call	VERB
faba-71	144	23	“	"	PUNCT
faba-71	144	24	new	new	ADJ
faba-71	144	25	era	era	NOUN
faba-71	144	26	”	"	PUNCT
faba-71	144	27	,	,	PUNCT
faba-71	144	28	“	"	PUNCT
faba-71	144	29	new	new	ADJ
faba-71	144	30	economy	economy	NOUN
faba-71	144	31	”	"	PUNCT
faba-71	144	32	,	,	PUNCT
faba-71	144	33	“	"	PUNCT
faba-71	144	34	new	new	ADJ
faba-71	144	35	normality	normality	NOUN
faba-71	144	36	”	"	PUNCT
faba-71	144	37	,	,	PUNCT
faba-71	144	38	etc	etc	X
faba-71	144	39	.	.	X
faba-71	144	40	,	,	PUNCT
faba-71	144	41	with	with	ADP
faba-71	144	42	their	their	PRON
faba-71	144	43	major	major	ADJ
faba-71	144	44	features	feature	NOUN
faba-71	144	45	being	be	AUX
faba-71	144	46	low	low	ADJ
faba-71	144	47	cost	cost	NOUN
faba-71	144	48	of	of	ADP
faba-71	144	49	capital	capital	NOUN
faba-71	144	50	and	and	CCONJ
faba-71	144	51	high	high	ADJ
faba-71	144	52	pe	pe	PROPN
faba-71	144	53	ratios	ratio	NOUN
faba-71	144	54	.	.	PUNCT
faba-71	145	1	table	table	NOUN
faba-71	145	2	4	4	NUM
faba-71	145	3	.	.	PUNCT
faba-71	145	4	historic	historic	ADJ
faba-71	145	5	pe	pe	PROPN
faba-71	145	6	ratios	ratio	NOUN
faba-71	145	7	of	of	ADP
faba-71	145	8	the	the	DET
faba-71	145	9	s&p	s&p	PROPN
faba-71	145	10	500	500	NUM
faba-71	145	11	–	–	PUNCT
faba-71	145	12	comparing	compare	VERB
faba-71	145	13	by	by	ADP
faba-71	145	14	sub	sub	ADJ
faba-71	145	15	-	-	ADJ
faba-71	145	16	periods	periods	ADJ
faba-71	145	17	period	period	NOUN
faba-71	145	18	difference	difference	NOUN
faba-71	145	19	indicator	indicator	NOUN
faba-71	145	20	1871	1871	NUM
faba-71	145	21	-	-	SYM
faba-71	145	22	1990	1990	NUM
faba-71	145	23	1991	1991	NUM
faba-71	145	24	-	-	SYM
faba-71	145	25	2021	2021	NUM
faba-71	145	26	in	in	ADP
faba-71	145	27	absolute	absolute	ADJ
faba-71	145	28	terms	term	NOUN
faba-71	145	29	(	(	PUNCT
faba-71	145	30	k.3	k.3	NOUN
faba-71	145	31	-	-	PUNCT
faba-71	145	32	k.2	k.2	ADJ
faba-71	145	33	)	)	PUNCT
faba-71	145	34	difference	difference	NOUN
faba-71	145	35	in	in	ADP
faba-71	145	36	%	%	NOUN
faba-71	145	37	(	(	PUNCT
faba-71	145	38	k.4	k.4	X
faba-71	145	39	/	/	SYM
faba-71	145	40	k2	k2	ADJ
faba-71	145	41	)	)	PUNCT
faba-71	146	1	k.1	k.1	PROPN
faba-71	146	2	k.2	k.2	NOUN
faba-71	146	3	k.3	k.3	PROPN
faba-71	146	4	k.4	k.4	X
faba-71	146	5	k.5	k.5	X
faba-71	146	6	arithmetic	arithmetic	PROPN
faba-71	146	7	average	average	NOUN
faba-71	146	8	pe	pe	ADP
faba-71	146	9	13.73	13.73	NUM
faba-71	146	10	24.96	24.96	NUM
faba-71	146	11	11.23	11.23	NUM
faba-71	146	12	81.79	81.79	NUM
faba-71	146	13	%	%	NOUN
faba-71	146	14	median	median	NOUN
faba-71	146	15	pe	pe	ADP
faba-71	146	16	13.43	13.43	NUM
faba-71	146	17	21.82	21.82	NUM
faba-71	146	18	8.39	8.39	NUM
faba-71	146	19	62.47	62.47	NUM
faba-71	146	20	%	%	NOUN
faba-71	146	21	5	5	NUM
faba-71	146	22	15	15	NUM
faba-71	146	23	25	25	NUM
faba-71	146	24	35	35	NUM
faba-71	146	25	45	45	NUM
faba-71	146	26	55	55	NUM
faba-71	146	27	0	0	NUM
faba-71	146	28	4	4	NUM
faba-71	146	29	-m	-m	PUNCT
faba-71	146	30	a	a	DET
faba-71	146	31	r2	r2	NOUN
faba-71	146	32	1	1	NUM
faba-71	146	33	0	0	NUM
faba-71	146	34	1	1	NUM
faba-71	146	35	-j	-j	NOUN
faba-71	146	36	a	a	DET
faba-71	146	37	n	n	NOUN
faba-71	146	38	-1	-1	ADP
faba-71	146	39	7	7	NUM
faba-71	146	40	0	0	NUM
faba-71	146	41	1	1	NUM
faba-71	146	42	-j	-j	NOUN
faba-71	146	43	a	a	DET
faba-71	146	44	n	n	NOUN
faba-71	146	45	-1	-1	ADP
faba-71	146	46	2	2	NUM
faba-71	146	47	0	0	NUM
faba-71	146	48	1	1	NUM
faba-71	146	49	-j	-j	NOUN
faba-71	146	50	a	a	DET
faba-71	146	51	n	n	NOUN
faba-71	146	52	-0	-0	SYM
faba-71	146	53	7	7	NUM
faba-71	146	54	0	0	NUM
faba-71	146	55	1	1	NUM
faba-71	146	56	-j	-j	NOUN
faba-71	146	57	a	a	DET
faba-71	146	58	n	n	CCONJ
faba-71	146	59	-0	-0	SYM
faba-71	146	60	2	2	NUM
faba-71	146	61	0	0	NUM
faba-71	146	62	1	1	NUM
faba-71	146	63	-j	-j	NOUN
faba-71	146	64	a	a	DET
faba-71	146	65	n	n	NOUN
faba-71	146	66	-9	-9	PROPN
faba-71	146	67	7	7	NUM
faba-71	146	68	0	0	SYM
faba-71	146	69	1	1	NUM
faba-71	146	70	-j	-j	NOUN
faba-71	146	71	a	a	DET
faba-71	146	72	n	n	NOUN
faba-71	146	73	-9	-9	PROPN
faba-71	146	74	2	2	NUM
faba-71	146	75	0	0	NUM
faba-71	146	76	1	1	NUM
faba-71	146	77	-j	-j	NOUN
faba-71	146	78	a	a	DET
faba-71	146	79	n	n	ADV
faba-71	146	80	-8	-8	NUM
faba-71	146	81	7	7	NUM
faba-71	146	82	0	0	NUM
faba-71	146	83	1	1	NUM
faba-71	146	84	-j	-j	NOUN
faba-71	146	85	a	a	DET
faba-71	146	86	n	n	ADV
faba-71	146	87	-8	-8	ADP
faba-71	146	88	2	2	NUM
faba-71	146	89	0	0	NUM
faba-71	146	90	1	1	NUM
faba-71	146	91	-j	-j	NOUN
faba-71	146	92	a	a	DET
faba-71	146	93	n	n	NOUN
faba-71	146	94	-7	-7	NOUN
faba-71	146	95	7	7	NUM
faba-71	146	96	0	0	NUM
faba-71	146	97	1	1	NUM
faba-71	146	98	-j	-j	NOUN
faba-71	146	99	a	a	DET
faba-71	146	100	n	n	NOUN
faba-71	146	101	-7	-7	NOUN
faba-71	146	102	2	2	NUM
faba-71	146	103	0	0	NUM
faba-71	146	104	1	1	NUM
faba-71	146	105	-j	-j	NOUN
faba-71	146	106	a	a	DET
faba-71	146	107	n	n	NOUN
faba-71	146	108	-6	-6	PROPN
faba-71	146	109	7	7	NUM
faba-71	146	110	0	0	SYM
faba-71	146	111	1	1	NUM
faba-71	146	112	-j	-j	NOUN
faba-71	146	113	a	a	DET
faba-71	146	114	n	n	NOUN
faba-71	146	115	-6	-6	NOUN
faba-71	146	116	2	2	NUM
faba-71	146	117	0	0	NUM
faba-71	146	118	1	1	NUM
faba-71	146	119	-j	-j	NOUN
faba-71	146	120	a	a	DET
faba-71	146	121	n	n	NOUN
faba-71	146	122	-5	-5	ADJ
faba-71	146	123	7	7	NUM
faba-71	146	124	0	0	NUM
faba-71	146	125	1	1	NUM
faba-71	146	126	-j	-j	NOUN
faba-71	146	127	a	a	DET
faba-71	146	128	n	n	NOUN
faba-71	146	129	-5	-5	ADJ
faba-71	146	130	2	2	NUM
faba-71	146	131	0	0	NUM
faba-71	146	132	1	1	NUM
faba-71	146	133	-j	-j	NOUN
faba-71	146	134	a	a	DET
faba-71	146	135	n	n	NOUN
faba-71	146	136	-4	-4	NUM
faba-71	146	137	7	7	NUM
faba-71	146	138	0	0	NUM
faba-71	146	139	1	1	NUM
faba-71	146	140	-j	-j	NOUN
faba-71	146	141	a	a	DET
faba-71	146	142	n	n	NOUN
faba-71	146	143	-4	-4	ADP
faba-71	146	144	2	2	NUM
faba-71	146	145	0	0	NUM
faba-71	146	146	1	1	NUM
faba-71	146	147	-j	-j	NOUN
faba-71	146	148	a	a	DET
faba-71	146	149	n	n	NOUN
faba-71	146	150	-3	-3	SYM
faba-71	146	151	7	7	NUM
faba-71	146	152	0	0	NUM
faba-71	146	153	1	1	NUM
faba-71	146	154	-j	-j	NOUN
faba-71	146	155	a	a	DET
faba-71	146	156	n	n	NOUN
faba-71	146	157	-3	-3	SYM
faba-71	146	158	2	2	NUM
faba-71	146	159	0	0	NUM
faba-71	146	160	1	1	NUM
faba-71	146	161	-j	-j	NOUN
faba-71	146	162	a	a	DET
faba-71	146	163	n	n	NOUN
faba-71	146	164	-2	-2	NOUN
faba-71	146	165	7	7	NUM
faba-71	146	166	0	0	SYM
faba-71	146	167	1	1	NUM
faba-71	146	168	-j	-j	NOUN
faba-71	146	169	a	a	DET
faba-71	146	170	n	n	NOUN
faba-71	146	171	-2	-2	NOUN
faba-71	146	172	2	2	NUM
faba-71	146	173	0	0	SYM
faba-71	146	174	1	1	NUM
faba-71	146	175	-j	-j	NOUN
faba-71	146	176	a	a	DET
faba-71	146	177	n	n	NOUN
faba-71	146	178	-1	-1	ADP
faba-71	146	179	7	7	NUM
faba-71	146	180	0	0	NUM
faba-71	146	181	1	1	NUM
faba-71	146	182	-j	-j	NOUN
faba-71	146	183	a	a	DET
faba-71	146	184	n	n	NOUN
faba-71	146	185	-1	-1	ADP
faba-71	146	186	2	2	NUM
faba-71	146	187	0	0	NUM
faba-71	146	188	1	1	NUM
faba-71	146	189	-j	-j	NOUN
faba-71	146	190	a	a	DET
faba-71	146	191	n	n	NOUN
faba-71	146	192	-0	-0	SYM
faba-71	146	193	7	7	NUM
faba-71	146	194	0	0	NUM
faba-71	146	195	1	1	NUM
faba-71	146	196	-j	-j	NOUN
faba-71	146	197	a	a	DET
faba-71	146	198	n	n	CCONJ
faba-71	146	199	-0	-0	ADP
faba-71	146	200	2	2	NUM
faba-71	146	201	ja	ja	PROPN
faba-71	146	202	n	n	CCONJ
faba-71	146	203	1	1	NUM
faba-71	146	204	,	,	PUNCT
faba-71	146	205	1	1	NUM
faba-71	146	206	8	8	NUM
faba-71	146	207	9	9	NUM
faba-71	146	208	7	7	NUM
faba-71	146	209	ja	ja	PROPN
faba-71	146	210	n	n	ADV
faba-71	146	211	1	1	NUM
faba-71	146	212	,	,	PUNCT
faba-71	146	213	1	1	NUM
faba-71	146	214	8	8	NUM
faba-71	146	215	9	9	NUM
faba-71	146	216	2	2	NUM
faba-71	146	217	ja	ja	NOUN
faba-71	146	218	n	n	ADV
faba-71	146	219	1	1	NUM
faba-71	146	220	,	,	PUNCT
faba-71	146	221	1	1	NUM
faba-71	146	222	8	8	NUM
faba-71	146	223	8	8	NUM
faba-71	146	224	7	7	NUM
faba-71	146	225	ja	ja	PROPN
faba-71	146	226	n	n	ADV
faba-71	146	227	1	1	NUM
faba-71	146	228	,	,	PUNCT
faba-71	146	229	1	1	NUM
faba-71	146	230	8	8	NUM
faba-71	146	231	8	8	NUM
faba-71	146	232	2	2	NUM
faba-71	146	233	ja	ja	NOUN
faba-71	146	234	n	n	ADV
faba-71	146	235	1	1	NUM
faba-71	146	236	,	,	PUNCT
faba-71	146	237	1	1	NUM
faba-71	146	238	8	8	NUM
faba-71	146	239	7	7	NUM
faba-71	146	240	7	7	NUM
faba-71	146	241	ja	ja	PROPN
faba-71	146	242	n	n	ADV
faba-71	146	243	1	1	NUM
faba-71	146	244	,	,	PUNCT
faba-71	146	245	1	1	NUM
faba-71	146	246	8	8	NUM
faba-71	146	247	7	7	NUM
faba-71	146	248	2	2	NUM
faba-71	146	249	s&p500	s&p500	NOUN
faba-71	146	250	pe	pe	NOUN
faba-71	146	251	ratio	ratio	NOUN
faba-71	146	252	1871	1871	NUM
faba-71	146	253	-	-	SYM
faba-71	146	254	2021	2021	NUM
faba-71	146	255	by	by	ADP
faba-71	146	256	year	year	NOUN
faba-71	146	257	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	PROPN
faba-71	146	258	dimiter	dimiter	NOUN
faba-71	146	259	nenkov	nenkov	PROPN
faba-71	146	260	/	/	SYM
faba-71	146	261	finance	finance	NOUN
faba-71	146	262	,	,	PUNCT
faba-71	146	263	accounting	accounting	NOUN
faba-71	146	264	and	and	CCONJ
faba-71	146	265	business	business	NOUN
faba-71	146	266	analysis	analysis	NOUN
faba-71	146	267	3	3	NUM
faba-71	146	268	(	(	PUNCT
faba-71	146	269	1	1	NUM
faba-71	146	270	)	)	PUNCT
faba-71	146	271	2021	2021	NUM
faba-71	146	272	62	62	NUM
faba-71	146	273	source	source	NOUN
faba-71	146	274	:	:	PUNCT
faba-71	146	275	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	ADJ
faba-71	146	276	calculations	calculation	NOUN
faba-71	146	277	of	of	ADP
faba-71	146	278	the	the	DET
faba-71	146	279	author	author	NOUN
faba-71	146	280	figure	figure	NOUN
faba-71	146	281	3	3	NUM
faba-71	146	282	illustrates	illustrate	VERB
faba-71	146	283	the	the	DET
faba-71	146	284	dynamics	dynamic	NOUN
faba-71	146	285	of	of	ADP
faba-71	146	286	the	the	DET
faba-71	146	287	pe	pe	PROPN
faba-71	146	288	ratio	ratio	NOUN
faba-71	146	289	of	of	ADP
faba-71	146	290	the	the	DET
faba-71	146	291	s&p	s&p	PROPN
faba-71	146	292	500	500	NUM
faba-71	146	293	only	only	ADV
faba-71	146	294	for	for	ADP
faba-71	146	295	the	the	DET
faba-71	146	296	last	last	ADJ
faba-71	146	297	two	two	NUM
faba-71	146	298	decades	decade	NOUN
faba-71	146	299	,	,	PUNCT
faba-71	146	300	covering	cover	VERB
faba-71	146	301	the	the	DET
faba-71	146	302	period	period	NOUN
faba-71	146	303	jan	jan	PROPN
faba-71	146	304	1	1	NUM
faba-71	146	305	,	,	PUNCT
faba-71	146	306	1999	1999	NUM
faba-71	146	307	–	–	PUNCT
faba-71	146	308	march	march	NOUN
faba-71	146	309	4	4	NUM
faba-71	146	310	,	,	PUNCT
faba-71	146	311	2021	2021	NUM
faba-71	146	312	.	.	PUNCT
faba-71	147	1	the	the	DET
faba-71	147	2	graph	graph	NOUN
faba-71	147	3	is	be	AUX
faba-71	147	4	built	build	VERB
faba-71	147	5	on	on	ADP
faba-71	147	6	monthly	monthly	ADJ
faba-71	147	7	pe	pe	PROPN
faba-71	147	8	ratios	ratio	NOUN
faba-71	147	9	.	.	PUNCT
faba-71	148	1	the	the	DET
faba-71	148	2	arithmetic	arithmetic	ADJ
faba-71	148	3	mean	mean	NOUN
faba-71	148	4	is	be	AUX
faba-71	148	5	26.23	26.23	NUM
faba-71	148	6	,	,	PUNCT
faba-71	148	7	and	and	CCONJ
faba-71	148	8	the	the	DET
faba-71	148	9	median	median	NOUN
faba-71	148	10	is	be	AUX
faba-71	148	11	22.33	22.33	NUM
faba-71	148	12	.	.	PUNCT
faba-71	149	1	there	there	PRON
faba-71	149	2	are	be	VERB
faba-71	149	3	some	some	DET
faba-71	149	4	extremely	extremely	ADV
faba-71	149	5	high	high	ADJ
faba-71	149	6	values	value	NOUN
faba-71	149	7	,	,	PUNCT
faba-71	149	8	which	which	PRON
faba-71	149	9	are	be	AUX
faba-71	149	10	not	not	PART
faba-71	149	11	due	due	ADJ
faba-71	149	12	to	to	ADP
faba-71	149	13	extremely	extremely	ADV
faba-71	149	14	high	high	ADJ
faba-71	149	15	prices	price	NOUN
faba-71	149	16	,	,	PUNCT
faba-71	149	17	but	but	CCONJ
faba-71	149	18	to	to	ADP
faba-71	149	19	extremely	extremely	ADV
faba-71	149	20	low	low	ADJ
faba-71	149	21	eps	eps	PROPN
faba-71	149	22	during	during	ADP
faba-71	149	23	years	year	NOUN
faba-71	149	24	of	of	ADP
faba-71	149	25	heavy	heavy	ADJ
faba-71	149	26	recession	recession	NOUN
faba-71	149	27	.	.	PUNCT
faba-71	150	1	such	such	ADJ
faba-71	150	2	is	be	AUX
faba-71	150	3	,	,	PUNCT
faba-71	150	4	for	for	ADP
faba-71	150	5	example	example	NOUN
faba-71	150	6	,	,	PUNCT
faba-71	150	7	the	the	DET
faba-71	150	8	record	record	NOUN
faba-71	150	9	-	-	PUNCT
faba-71	150	10	high	high	NOUN
faba-71	150	11	pe	pe	NOUN
faba-71	150	12	of	of	ADP
faba-71	150	13	123.73	123.73	NUM
faba-71	150	14	times	time	NOUN
faba-71	150	15	earnings	earning	NOUN
faba-71	150	16	from	from	ADP
faba-71	150	17	1	1	NUM
faba-71	150	18	may	may	NOUN
faba-71	150	19	,	,	PUNCT
faba-71	150	20	2009	2009	NUM
faba-71	150	21	.	.	PUNCT
faba-71	151	1	these	these	PRON
faba-71	151	2	are	be	AUX
faba-71	151	3	very	very	ADV
faba-71	151	4	good	good	ADJ
faba-71	151	5	illustrations	illustration	NOUN
faba-71	151	6	of	of	ADP
faba-71	151	7	the	the	DET
faba-71	151	8	counter	counter	PROPN
faba-71	151	9	movement	movement	NOUN
faba-71	151	10	rule	rule	VERB
faba-71	151	11	for	for	ADP
faba-71	151	12	pe	pe	PROPN
faba-71	151	13	ratios	ratio	NOUN
faba-71	151	14	,	,	PUNCT
faba-71	151	15	as	as	SCONJ
faba-71	151	16	identified	identify	VERB
faba-71	151	17	and	and	CCONJ
faba-71	151	18	analyzed	analyze	VERB
faba-71	151	19	by	by	ADP
faba-71	151	20	nicholas	nicholas	PROPN
faba-71	151	21	molodovski	molodovski	PROPN
faba-71	151	22	(	(	PUNCT
faba-71	151	23	molodovski	molodovski	VERB
faba-71	151	24	,	,	PUNCT
faba-71	151	25	1953	1953	NUM
faba-71	151	26	)	)	PUNCT
faba-71	151	27	.	.	PUNCT
faba-71	152	1	figure	figure	NOUN
faba-71	152	2	3	3	NUM
faba-71	152	3	confirms	confirm	VERB
faba-71	152	4	the	the	DET
faba-71	152	5	uptrend	uptrend	NOUN
faba-71	152	6	for	for	ADP
faba-71	152	7	the	the	DET
faba-71	152	8	pe	pe	PROPN
faba-71	152	9	,	,	PUNCT
faba-71	152	10	identified	identify	VERB
faba-71	152	11	in	in	ADP
faba-71	152	12	figure	figure	NOUN
faba-71	152	13	2	2	NUM
faba-71	152	14	.	.	PUNCT
faba-71	152	15	during	during	ADP
faba-71	152	16	the	the	DET
faba-71	152	17	years	year	NOUN
faba-71	152	18	after	after	SCONJ
faba-71	152	19	the	the	DET
faba-71	152	20	global	global	ADJ
faba-71	152	21	financial	financial	ADJ
faba-71	152	22	crisis	crisis	NOUN
faba-71	152	23	the	the	DET
faba-71	152	24	pe	pe	PROPN
faba-71	152	25	ratios	ratio	NOUN
faba-71	152	26	has	have	AUX
faba-71	152	27	been	be	AUX
faba-71	152	28	gradually	gradually	ADV
faba-71	152	29	rising	rise	VERB
faba-71	152	30	from	from	ADP
faba-71	152	31	about	about	ADV
faba-71	152	32	15	15	NUM
faba-71	152	33	to	to	ADP
faba-71	152	34	about	about	ADP
faba-71	152	35	25	25	NUM
faba-71	152	36	.	.	PUNCT
faba-71	153	1	in	in	ADP
faba-71	153	2	2020	2020	NUM
faba-71	153	3	the	the	DET
faba-71	153	4	pe	pe	PROPN
faba-71	153	5	ratio	ratio	NOUN
faba-71	153	6	rose	rise	VERB
faba-71	153	7	even	even	ADV
faba-71	153	8	further	far	ADV
faba-71	153	9	and	and	CCONJ
faba-71	153	10	was	be	AUX
faba-71	153	11	above	above	ADP
faba-71	153	12	30	30	NUM
faba-71	153	13	each	each	DET
faba-71	153	14	month	month	NOUN
faba-71	153	15	,	,	PUNCT
faba-71	153	16	ending	end	VERB
faba-71	153	17	at	at	ADP
faba-71	153	18	38.37	38.37	NUM
faba-71	153	19	on	on	ADP
faba-71	153	20	march	march	PROPN
faba-71	153	21	4	4	NUM
faba-71	153	22	,	,	PUNCT
faba-71	153	23	2021	2021	NUM
faba-71	153	24	.	.	PUNCT
faba-71	154	1	figure	figure	NOUN
faba-71	154	2	3	3	NUM
faba-71	154	3	.	.	PUNCT
faba-71	155	1	dynamics	dynamic	NOUN
faba-71	155	2	of	of	ADP
faba-71	155	3	the	the	DET
faba-71	155	4	s&p	s&p	PROPN
faba-71	155	5	500	500	NUM
faba-71	155	6	pe	pe	NOUN
faba-71	155	7	ratio	ratio	NOUN
faba-71	155	8	between	between	ADP
faba-71	155	9	1999	1999	NUM
faba-71	155	10	and	and	CCONJ
faba-71	155	11	2021	2021	NUM
faba-71	155	12	source	source	NOUN
faba-71	155	13	:	:	PUNCT
faba-71	155	14	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	ADJ
faba-71	155	15	table	table	NOUN
faba-71	155	16	5	5	NUM
faba-71	155	17	shows	show	VERB
faba-71	155	18	another	another	DET
faba-71	155	19	comparison	comparison	NOUN
faba-71	155	20	of	of	ADP
faba-71	155	21	s&p	s&p	PROPN
faba-71	155	22	500	500	NUM
faba-71	155	23	pe	pe	NOUN
faba-71	155	24	ratios	ratio	NOUN
faba-71	155	25	–	–	PUNCT
faba-71	155	26	the	the	DET
faba-71	155	27	current	current	ADJ
faba-71	155	28	pe	pe	X
faba-71	155	29	with	with	ADP
faba-71	155	30	the	the	DET
faba-71	155	31	average	average	ADJ
faba-71	155	32	pe	pe	NOUN
faba-71	155	33	for	for	ADP
faba-71	155	34	the	the	DET
faba-71	155	35	entire	entire	ADJ
faba-71	155	36	period	period	NOUN
faba-71	155	37	1871	1871	NUM
faba-71	155	38	-	-	SYM
faba-71	155	39	2021	2021	NUM
faba-71	155	40	.	.	PUNCT
faba-71	156	1	the	the	DET
faba-71	156	2	current	current	ADJ
faba-71	156	3	pe	pe	PROPN
faba-71	156	4	is	be	AUX
faba-71	156	5	represented	represent	VERB
faba-71	156	6	by	by	ADP
faba-71	156	7	an	an	DET
faba-71	156	8	average	average	NOUN
faba-71	156	9	of	of	ADP
faba-71	156	10	the	the	DET
faba-71	156	11	last	last	ADJ
faba-71	156	12	6	6	NUM
faba-71	156	13	months	month	NOUN
faba-71	156	14	(	(	PUNCT
faba-71	156	15	as	as	ADP
faba-71	156	16	of	of	ADP
faba-71	156	17	the	the	DET
faba-71	156	18	time	time	NOUN
faba-71	156	19	of	of	ADP
faba-71	156	20	this	this	DET
faba-71	156	21	research	research	NOUN
faba-71	156	22	)	)	PUNCT
faba-71	156	23	–	–	PUNCT
faba-71	156	24	from	from	ADP
faba-71	156	25	oct	oct	PROPN
faba-71	156	26	2020	2020	NUM
faba-71	156	27	until	until	ADP
faba-71	156	28	march	march	PROPN
faba-71	156	29	2021	2021	NUM
faba-71	156	30	.	.	PUNCT
faba-71	157	1	they	they	PRON
faba-71	157	2	are	be	AUX
faba-71	157	3	still	still	ADV
faba-71	157	4	calculated	calculate	VERB
faba-71	157	5	on	on	ADP
faba-71	157	6	the	the	DET
faba-71	157	7	basis	basis	NOUN
faba-71	157	8	of	of	ADP
faba-71	157	9	preliminary	preliminary	ADJ
faba-71	157	10	eps	eps	PROPN
faba-71	157	11	estimates	estimate	NOUN
faba-71	157	12	.	.	PUNCT
faba-71	158	1	the	the	DET
faba-71	158	2	average	average	ADJ
faba-71	158	3	pe	pe	PROPN
faba-71	158	4	ratio	ratio	NOUN
faba-71	158	5	for	for	ADP
faba-71	158	6	the	the	DET
faba-71	158	7	longest	long	ADJ
faba-71	158	8	period	period	NOUN
faba-71	158	9	1871–2021	1871–2021	NUM
faba-71	158	10	is	be	AUX
faba-71	158	11	as	as	SCONJ
faba-71	158	12	follows	follow	VERB
faba-71	158	13	:	:	PUNCT
faba-71	158	14	arithmetic	arithmetic	ADJ
faba-71	158	15	mean	mean	NOUN
faba-71	158	16	of	of	ADP
faba-71	158	17	15.95	15.95	NUM
faba-71	158	18	and	and	CCONJ
faba-71	158	19	median	median	NOUN
faba-71	158	20	of	of	ADP
faba-71	158	21	14.89	14.89	NUM
faba-71	158	22	.	.	PUNCT
faba-71	159	1	as	as	SCONJ
faba-71	159	2	noticed	notice	VERB
faba-71	159	3	in	in	ADP
faba-71	159	4	the	the	DET
faba-71	159	5	graphs	graph	NOUN
faba-71	159	6	above	above	ADV
faba-71	159	7	,	,	PUNCT
faba-71	159	8	the	the	DET
faba-71	159	9	current	current	ADJ
faba-71	159	10	pe	pe	INTJ
faba-71	159	11	level	level	NOUN
faba-71	159	12	(	(	PUNCT
faba-71	159	13	for	for	ADP
faba-71	159	14	the	the	DET
faba-71	159	15	last	last	ADJ
faba-71	159	16	6	6	NUM
faba-71	159	17	months	month	NOUN
faba-71	159	18	)	)	PUNCT
faba-71	159	19	is	be	AUX
faba-71	159	20	more	more	ADJ
faba-71	159	21	than	than	ADP
faba-71	159	22	twice	twice	ADV
faba-71	159	23	higher	high	ADJ
faba-71	159	24	than	than	ADP
faba-71	159	25	the	the	DET
faba-71	159	26	historic	historic	ADJ
faba-71	159	27	average	average	NOUN
faba-71	159	28	:	:	PUNCT
faba-71	159	29	the	the	DET
faba-71	159	30	arithmetic	arithmetic	ADJ
faba-71	159	31	average	average	NOUN
faba-71	159	32	pe	pe	PROPN
faba-71	159	33	is	be	AUX
faba-71	159	34	by	by	ADP
faba-71	159	35	134.61	134.61	NUM
faba-71	159	36	%	%	NOUN
faba-71	159	37	higher	high	ADJ
faba-71	159	38	,	,	PUNCT
faba-71	159	39	and	and	CCONJ
faba-71	159	40	the	the	DET
faba-71	159	41	median	median	NOUN
faba-71	159	42	is	be	AUX
faba-71	159	43	by	by	ADP
faba-71	159	44	155.20	155.20	NUM
faba-71	159	45	%	%	NOUN
faba-71	159	46	higher	high	ADJ
faba-71	159	47	.	.	PUNCT
faba-71	160	1	this	this	PRON
faba-71	160	2	is	be	AUX
faba-71	160	3	an	an	DET
faba-71	160	4	even	even	ADV
faba-71	160	5	more	more	ADV
faba-71	160	6	pronounced	pronounced	ADJ
faba-71	160	7	excess	excess	ADJ
faba-71	160	8	over	over	ADP
faba-71	160	9	the	the	DET
faba-71	160	10	average	average	ADJ
faba-71	160	11	historical	historical	ADJ
faba-71	160	12	values	value	NOUN
faba-71	160	13	than	than	ADP
faba-71	160	14	the	the	DET
faba-71	160	15	one	one	NOUN
faba-71	160	16	shown	show	VERB
faba-71	160	17	in	in	ADP
faba-71	160	18	the	the	DET
faba-71	160	19	previous	previous	ADJ
faba-71	160	20	table	table	NOUN
faba-71	160	21	4	4	NUM
faba-71	160	22	.	.	PUNCT
faba-71	160	23	table	table	NOUN
faba-71	160	24	5	5	NUM
faba-71	160	25	.	.	PUNCT
faba-71	160	26	comparing	compare	VERB
faba-71	160	27	s&p	s&p	PROPN
faba-71	160	28	500	500	NUM
faba-71	160	29	current	current	NOUN
faba-71	160	30	pe	pe	INTJ
faba-71	160	31	with	with	ADP
faba-71	160	32	historic	historic	ADJ
faba-71	160	33	average	average	ADJ
faba-71	160	34	pe	pe	PROPN
faba-71	160	35	period	period	NOUN
faba-71	160	36	difference	difference	NOUN
faba-71	160	37	indicator	indicator	NOUN
faba-71	160	38	1871	1871	NUM
faba-71	160	39	-	-	SYM
faba-71	160	40	2021	2021	NUM
faba-71	160	41	last	last	ADJ
faba-71	160	42	6	6	NUM
faba-71	160	43	months	month	NOUN
faba-71	160	44	/oct	/oct	PROPN
faba-71	160	45	20	20	NUM
faba-71	160	46	march	march	NOUN
faba-71	160	47	21/	21/	NUM
faba-71	160	48	in	in	ADP
faba-71	160	49	absolute	absolute	ADJ
faba-71	160	50	terms	term	NOUN
faba-71	160	51	(	(	PUNCT
faba-71	160	52	k.3	k.3	NOUN
faba-71	160	53	-	-	PUNCT
faba-71	160	54	k.2	k.2	ADJ
faba-71	160	55	)	)	PUNCT
faba-71	160	56	difference	difference	NOUN
faba-71	160	57	in	in	ADP
faba-71	160	58	%	%	NOUN
faba-71	160	59	(	(	PUNCT
faba-71	160	60	k.4	k.4	X
faba-71	160	61	/	/	SYM
faba-71	160	62	k2	k2	ADJ
faba-71	160	63	)	)	PUNCT
faba-71	161	1	k.1	k.1	PROPN
faba-71	162	1	k.2	k.2	NOUN
faba-71	162	2	k.3	k.3	PROPN
faba-71	162	3	k.4	k.4	X
faba-71	162	4	k.5	k.5	X
faba-71	162	5	arithmetic	arithmetic	PROPN
faba-71	162	6	average	average	NOUN
faba-71	162	7	pe	pe	ADP
faba-71	162	8	15.95	15.95	NUM
faba-71	162	9	37.42	37.42	NUM
faba-71	162	10	21.47	21.47	NUM
faba-71	162	11	134.61	134.61	NUM
faba-71	162	12	%	%	NOUN
faba-71	162	13	median	median	NOUN
faba-71	162	14	pe	pe	ADP
faba-71	162	15	14.89	14.89	NUM
faba-71	162	16	38.00	38.00	NUM
faba-71	162	17	23.11	23.11	NUM
faba-71	162	18	155.20	155.20	NUM
faba-71	162	19	%	%	NOUN
faba-71	162	20	source	source	NOUN
faba-71	162	21	:	:	PUNCT
faba-71	162	22	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	PROPN
faba-71	162	23	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	ADJ
faba-71	162	24	calculations	calculation	NOUN
faba-71	162	25	of	of	ADP
faba-71	162	26	the	the	DET
faba-71	162	27	author	author	NOUN
faba-71	162	28	one	one	NUM
faba-71	162	29	possible	possible	ADJ
faba-71	162	30	explanation	explanation	NOUN
faba-71	162	31	of	of	ADP
faba-71	162	32	this	this	DET
faba-71	162	33	excessively	excessively	ADV
faba-71	162	34	high	high	ADJ
faba-71	162	35	current	current	ADJ
faba-71	162	36	pe	pe	INTJ
faba-71	162	37	level	level	NOUN
faba-71	162	38	of	of	ADP
faba-71	162	39	s&p	s&p	PROPN
faba-71	162	40	500	500	NUM
faba-71	162	41	can	can	AUX
faba-71	162	42	be	be	AUX
faba-71	162	43	the	the	DET
faba-71	162	44	counter	counter	PROPN
faba-71	162	45	movement	movement	PROPN
faba-71	162	46	principle	principle	NOUN
faba-71	162	47	of	of	ADP
faba-71	162	48	pe	pe	PRON
faba-71	162	49	of	of	ADP
faba-71	162	50	molodovski	molodovski	NOUN
faba-71	162	51	,	,	PUNCT
faba-71	162	52	which	which	PRON
faba-71	162	53	was	be	AUX
faba-71	162	54	mentioned	mention	VERB
faba-71	162	55	above	above	ADV
faba-71	162	56	.	.	PUNCT
faba-71	163	1	the	the	DET
faba-71	163	2	temporary	temporary	ADJ
faba-71	163	3	lower	low	ADJ
faba-71	163	4	eps	eps	PROPN
faba-71	163	5	of	of	ADP
faba-71	163	6	the	the	DET
faba-71	163	7	index	index	NOUN
faba-71	163	8	,	,	PUNCT
faba-71	163	9	due	due	ADP
faba-71	163	10	to	to	ADP
faba-71	163	11	the	the	DET
faba-71	163	12	covid-19	covid-19	PROPN
faba-71	163	13	pandemic	pandemic	ADJ
faba-71	163	14	limitations	limitation	NOUN
faba-71	163	15	,	,	PUNCT
faba-71	163	16	lockdowns	lockdown	NOUN
faba-71	163	17	,	,	PUNCT
faba-71	163	18	etc	etc	X
faba-71	163	19	.	.	X
faba-71	163	20	,	,	PUNCT
faba-71	163	21	lead	lead	VERB
faba-71	163	22	to	to	ADP
faba-71	163	23	a	a	DET
faba-71	163	24	lower	low	ADJ
faba-71	163	25	denominator	denominator	NOUN
faba-71	163	26	,	,	PUNCT
faba-71	163	27	and	and	CCONJ
faba-71	163	28	5	5	NUM
faba-71	163	29	15	15	NUM
faba-71	163	30	25	25	NUM
faba-71	163	31	35	35	NUM
faba-71	163	32	45	45	NUM
faba-71	163	33	55	55	NUM
faba-71	163	34	0	0	NUM
faba-71	163	35	1	1	NUM
faba-71	163	36	-j	-j	NOUN
faba-71	163	37	a	a	DET
faba-71	163	38	n	n	NOUN
faba-71	163	39	-9	-9	NOUN
faba-71	163	40	9	9	NUM
faba-71	163	41	0	0	NUM
faba-71	163	42	1	1	NUM
faba-71	163	43	-o	-o	SYM
faba-71	163	44	ct	ct	NOUN
faba-71	163	45	-9	-9	PROPN
faba-71	163	46	9	9	NUM
faba-71	163	47	0	0	NUM
faba-71	163	48	1	1	NUM
faba-71	163	49	-j	-j	NUM
faba-71	163	50	u	u	NOUN
faba-71	163	51	l0	l0	NOUN
faba-71	163	52	0	0	NUM
faba-71	163	53	0	0	NUM
faba-71	163	54	1	1	NUM
faba-71	163	55	-a	-a	PUNCT
faba-71	163	56	p	p	NOUN
faba-71	163	57	r0	r0	NOUN
faba-71	163	58	1	1	NUM
faba-71	163	59	0	0	NUM
faba-71	163	60	1	1	NUM
faba-71	163	61	-j	-j	NOUN
faba-71	163	62	a	a	DET
faba-71	163	63	n	n	CCONJ
faba-71	163	64	-0	-0	ADP
faba-71	163	65	2	2	NUM
faba-71	163	66	0	0	NUM
faba-71	163	67	1	1	NUM
faba-71	163	68	-o	-o	SYM
faba-71	163	69	ct	ct	NUM
faba-71	163	70	-0	-0	SYM
faba-71	163	71	2	2	NUM
faba-71	163	72	0	0	NUM
faba-71	163	73	1	1	NUM
faba-71	163	74	-j	-j	NUM
faba-71	163	75	u	u	NOUN
faba-71	163	76	l0	l0	NOUN
faba-71	163	77	3	3	NUM
faba-71	163	78	0	0	NUM
faba-71	163	79	1	1	NUM
faba-71	163	80	-a	-a	PUNCT
faba-71	163	81	p	p	NOUN
faba-71	163	82	r0	r0	NOUN
faba-71	163	83	4	4	NUM
faba-71	163	84	0	0	NUM
faba-71	163	85	1	1	NUM
faba-71	163	86	-j	-j	NOUN
faba-71	163	87	a	a	DET
faba-71	163	88	n	n	NOUN
faba-71	163	89	-0	-0	ADP
faba-71	163	90	5	5	NUM
faba-71	163	91	0	0	NUM
faba-71	163	92	1	1	NUM
faba-71	163	93	-o	-o	SYM
faba-71	163	94	ct	ct	NUM
faba-71	163	95	-0	-0	PUNCT
faba-71	163	96	5	5	NUM
faba-71	163	97	0	0	SYM
faba-71	163	98	1	1	NUM
faba-71	163	99	-j	-j	NUM
faba-71	163	100	u	u	NOUN
faba-71	163	101	l0	l0	NOUN
faba-71	163	102	6	6	NUM
faba-71	163	103	0	0	NUM
faba-71	163	104	1	1	NUM
faba-71	163	105	-a	-a	PUNCT
faba-71	163	106	p	p	NOUN
faba-71	163	107	r0	r0	NOUN
faba-71	163	108	7	7	NUM
faba-71	163	109	0	0	NUM
faba-71	163	110	1	1	NUM
faba-71	163	111	-j	-j	NOUN
faba-71	163	112	a	a	DET
faba-71	163	113	n	n	NOUN
faba-71	163	114	-0	-0	ADP
faba-71	163	115	8	8	NUM
faba-71	163	116	0	0	NUM
faba-71	163	117	1	1	NUM
faba-71	163	118	-o	-o	SYM
faba-71	163	119	ct	ct	NUM
faba-71	163	120	-0	-0	NOUN
faba-71	163	121	8	8	NUM
faba-71	163	122	0	0	NUM
faba-71	163	123	1	1	NUM
faba-71	163	124	-j	-j	NUM
faba-71	163	125	u	u	NOUN
faba-71	163	126	l0	l0	NOUN
faba-71	163	127	9	9	NUM
faba-71	163	128	0	0	NUM
faba-71	163	129	1	1	NUM
faba-71	163	130	-a	-a	PUNCT
faba-71	163	131	p	p	NOUN
faba-71	163	132	r1	r1	NOUN
faba-71	163	133	0	0	NUM
faba-71	163	134	0	0	NUM
faba-71	163	135	1	1	NUM
faba-71	163	136	-j	-j	NOUN
faba-71	163	137	a	a	DET
faba-71	163	138	n	n	NOUN
faba-71	163	139	-1	-1	ADP
faba-71	164	1	1	1	NUM
faba-71	164	2	0	0	NUM
faba-71	164	3	1	1	NUM
faba-71	164	4	-o	-o	SYM
faba-71	164	5	ct	ct	NUM
faba-71	164	6	-1	-1	NOUN
faba-71	164	7	1	1	NUM
faba-71	164	8	0	0	NUM
faba-71	164	9	1	1	NUM
faba-71	165	1	-j	-j	PUNCT
faba-71	165	2	u	u	NOUN
faba-71	165	3	l1	l1	PROPN
faba-71	165	4	2	2	NUM
faba-71	165	5	0	0	NUM
faba-71	165	6	1	1	NUM
faba-71	165	7	-a	-a	PUNCT
faba-71	165	8	p	p	NOUN
faba-71	165	9	r1	r1	PROPN
faba-71	165	10	3	3	NUM
faba-71	165	11	0	0	SYM
faba-71	165	12	1	1	NUM
faba-71	165	13	-j	-j	NOUN
faba-71	165	14	a	a	DET
faba-71	165	15	n	n	NOUN
faba-71	165	16	-1	-1	ADP
faba-71	165	17	4	4	NUM
faba-71	165	18	0	0	NUM
faba-71	165	19	1	1	NUM
faba-71	165	20	-o	-o	SYM
faba-71	165	21	ct	ct	NUM
faba-71	165	22	-1	-1	NOUN
faba-71	165	23	4	4	NUM
faba-71	165	24	0	0	NUM
faba-71	165	25	1	1	NUM
faba-71	165	26	-j	-j	PUNCT
faba-71	165	27	u	u	NOUN
faba-71	165	28	l1	l1	PROPN
faba-71	165	29	5	5	NUM
faba-71	165	30	0	0	SYM
faba-71	165	31	1	1	NUM
faba-71	165	32	-a	-a	PUNCT
faba-71	165	33	p	p	NOUN
faba-71	165	34	r1	r1	PROPN
faba-71	165	35	6	6	NUM
faba-71	165	36	0	0	NUM
faba-71	165	37	1	1	NUM
faba-71	165	38	-j	-j	NOUN
faba-71	165	39	a	a	DET
faba-71	165	40	n	n	NOUN
faba-71	165	41	-1	-1	ADP
faba-71	165	42	7	7	NUM
faba-71	165	43	0	0	NUM
faba-71	165	44	1	1	NUM
faba-71	165	45	-o	-o	SYM
faba-71	165	46	ct	ct	NUM
faba-71	165	47	-1	-1	NOUN
faba-71	165	48	7	7	NUM
faba-71	165	49	0	0	NUM
faba-71	165	50	1	1	NUM
faba-71	165	51	-j	-j	PUNCT
faba-71	165	52	u	u	X
faba-71	165	53	l1	l1	PROPN
faba-71	165	54	8	8	NUM
faba-71	165	55	0	0	SYM
faba-71	165	56	1	1	NUM
faba-71	165	57	-a	-a	PUNCT
faba-71	165	58	p	p	NOUN
faba-71	165	59	r1	r1	NOUN
faba-71	165	60	9	9	NUM
faba-71	165	61	0	0	NUM
faba-71	165	62	1	1	NUM
faba-71	165	63	-j	-j	NOUN
faba-71	165	64	a	a	DET
faba-71	165	65	n	n	NOUN
faba-71	165	66	-2	-2	NOUN
faba-71	165	67	0	0	NUM
faba-71	165	68	0	0	NUM
faba-71	165	69	1	1	NUM
faba-71	166	1	-o	-o	SYM
faba-71	166	2	ct	ct	NUM
faba-71	166	3	-2	-2	NOUN
faba-71	166	4	0	0	NUM
faba-71	166	5	s&p500	s&p500	NOUN
faba-71	166	6	pe	pe	PROPN
faba-71	166	7	ratio	ratio	NOUN
faba-71	166	8	1999	1999	NUM
faba-71	166	9	-	-	SYM
faba-71	166	10	2021	2021	NUM
faba-71	166	11	by	by	ADP
faba-71	166	12	month	month	NOUN
faba-71	166	13	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	PROPN
faba-71	167	1	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	PROPN
faba-71	167	2	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	PROPN
faba-71	167	3	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	ADJ
faba-71	167	4	dimiter	dimiter	NOUN
faba-71	167	5	nenkov	nenkov	PROPN
faba-71	167	6	/	/	SYM
faba-71	167	7	finance	finance	NOUN
faba-71	167	8	,	,	PUNCT
faba-71	167	9	accounting	accounting	NOUN
faba-71	167	10	and	and	CCONJ
faba-71	167	11	business	business	NOUN
faba-71	167	12	analysis	analysis	NOUN
faba-71	167	13	3	3	NUM
faba-71	167	14	(	(	PUNCT
faba-71	167	15	1	1	NUM
faba-71	167	16	)	)	PUNCT
faba-71	167	17	2021	2021	NUM
faba-71	167	18	63	63	NUM
faba-71	167	19	respectively	respectively	ADV
faba-71	167	20	,	,	PUNCT
faba-71	167	21	to	to	ADP
faba-71	167	22	a	a	DET
faba-71	167	23	higher	high	ADJ
faba-71	167	24	pe	pe	NOUN
faba-71	167	25	.	.	PUNCT
faba-71	168	1	in	in	ADP
faba-71	168	2	order	order	NOUN
faba-71	168	3	to	to	PART
faba-71	168	4	determine	determine	VERB
faba-71	168	5	to	to	ADP
faba-71	168	6	what	what	DET
faba-71	168	7	extent	extent	NOUN
faba-71	168	8	the	the	DET
faba-71	168	9	lower	low	ADJ
faba-71	168	10	current	current	ADJ
faba-71	168	11	earnings	earning	NOUN
faba-71	168	12	explain	explain	VERB
faba-71	168	13	the	the	DET
faba-71	168	14	higher	high	ADJ
faba-71	168	15	ratios	ratio	NOUN
faba-71	168	16	,	,	PUNCT
faba-71	168	17	a	a	DET
faba-71	168	18	look	look	NOUN
faba-71	168	19	at	at	ADP
faba-71	168	20	the	the	DET
faba-71	168	21	eps	eps	PROPN
faba-71	168	22	dynamics	dynamic	NOUN
faba-71	168	23	for	for	ADP
faba-71	168	24	the	the	DET
faba-71	168	25	last	last	ADJ
faba-71	168	26	year	year	NOUN
faba-71	168	27	or	or	CCONJ
faba-71	168	28	so	so	ADV
faba-71	168	29	would	would	AUX
faba-71	168	30	help	help	VERB
faba-71	168	31	.	.	PUNCT
faba-71	169	1	however	however	ADV
faba-71	169	2	,	,	PUNCT
faba-71	169	3	the	the	DET
faba-71	169	4	situation	situation	NOUN
faba-71	169	5	now	now	ADV
faba-71	169	6	is	be	AUX
faba-71	169	7	quite	quite	ADV
faba-71	169	8	different	different	ADJ
faba-71	169	9	,	,	PUNCT
faba-71	169	10	since	since	SCONJ
faba-71	169	11	the	the	DET
faba-71	169	12	current	current	ADJ
faba-71	169	13	market	market	NOUN
faba-71	169	14	prices	price	NOUN
faba-71	169	15	have	have	AUX
faba-71	169	16	been	be	AUX
faba-71	169	17	going	go	VERB
faba-71	169	18	up	up	ADP
faba-71	169	19	for	for	ADP
faba-71	169	20	several	several	ADJ
faba-71	169	21	months	month	NOUN
faba-71	169	22	.	.	PUNCT
faba-71	170	1	in	in	ADP
faba-71	170	2	the	the	DET
faba-71	170	3	previous	previous	ADJ
faba-71	170	4	periods	period	NOUN
faba-71	170	5	of	of	ADP
faba-71	170	6	depression	depression	NOUN
faba-71	170	7	or	or	CCONJ
faba-71	170	8	crisis	crisis	NOUN
faba-71	170	9	,	,	PUNCT
faba-71	170	10	when	when	SCONJ
faba-71	170	11	the	the	DET
faba-71	170	12	pes	pe	NOUN
faba-71	170	13	used	use	VERB
faba-71	170	14	to	to	PART
faba-71	170	15	reach	reach	VERB
faba-71	170	16	their	their	PRON
faba-71	170	17	highest	high	ADJ
faba-71	170	18	levels	level	NOUN
faba-71	170	19	,	,	PUNCT
faba-71	170	20	the	the	DET
faba-71	170	21	prices	price	NOUN
faba-71	170	22	had	have	AUX
faba-71	170	23	gone	go	VERB
faba-71	170	24	sharply	sharply	ADV
faba-71	170	25	down	down	ADV
faba-71	170	26	,	,	PUNCT
faba-71	170	27	following	follow	VERB
faba-71	170	28	a	a	DET
faba-71	170	29	crash	crash	NOUN
faba-71	170	30	,	,	PUNCT
faba-71	170	31	as	as	SCONJ
faba-71	170	32	is	be	AUX
faba-71	170	33	the	the	DET
faba-71	170	34	case	case	NOUN
faba-71	170	35	with	with	ADP
faba-71	170	36	the	the	DET
faba-71	170	37	above	above	ADV
faba-71	170	38	-	-	PUNCT
faba-71	170	39	mentioned	mention	VERB
faba-71	170	40	s&p	s&p	PROPN
faba-71	170	41	500	500	NUM
faba-71	170	42	pe	pe	NOUN
faba-71	170	43	of	of	ADP
faba-71	170	44	123.73	123.73	NUM
faba-71	170	45	on	on	ADP
faba-71	170	46	1	1	NUM
faba-71	170	47	may	may	NOUN
faba-71	170	48	,	,	PUNCT
faba-71	170	49	2009	2009	NUM
faba-71	170	50	.	.	PUNCT
faba-71	171	1	the	the	DET
faba-71	171	2	stock	stock	NOUN
faba-71	171	3	market	market	NOUN
faba-71	171	4	at	at	ADP
faba-71	171	5	that	that	DET
faba-71	171	6	time	time	NOUN
faba-71	171	7	was	be	AUX
faba-71	171	8	still	still	ADV
faba-71	171	9	close	close	ADJ
faba-71	171	10	to	to	ADP
faba-71	171	11	the	the	DET
faba-71	171	12	bottom	bottom	NOUN
faba-71	171	13	.	.	PUNCT
faba-71	172	1	implication	implication	NOUN
faba-71	172	2	for	for	ADP
faba-71	172	3	the	the	DET
faba-71	172	4	valuation	valuation	NOUN
faba-71	172	5	of	of	ADP
faba-71	172	6	stocks	stock	NOUN
faba-71	172	7	the	the	DET
faba-71	172	8	analysis	analysis	NOUN
faba-71	172	9	in	in	ADP
faba-71	172	10	the	the	DET
faba-71	172	11	previous	previous	ADJ
faba-71	172	12	section	section	NOUN
faba-71	172	13	outlined	outline	VERB
faba-71	172	14	some	some	DET
faba-71	172	15	clear	clear	ADJ
faba-71	172	16	differences	difference	NOUN
faba-71	172	17	between	between	ADP
faba-71	172	18	pe	pe	PROPN
faba-71	172	19	levels	level	NOUN
faba-71	172	20	over	over	ADP
faba-71	172	21	time	time	NOUN
faba-71	172	22	.	.	PUNCT
faba-71	173	1	there	there	PRON
faba-71	173	2	is	be	VERB
faba-71	173	3	understanding	understanding	NOUN
faba-71	173	4	among	among	ADP
faba-71	173	5	a	a	DET
faba-71	173	6	part	part	NOUN
faba-71	173	7	of	of	ADP
faba-71	173	8	the	the	DET
faba-71	173	9	investors	investor	NOUN
faba-71	173	10	that	that	SCONJ
faba-71	173	11	historic	historic	ADJ
faba-71	173	12	average	average	ADJ
faba-71	173	13	pes	pe	NOUN
faba-71	173	14	from	from	ADP
faba-71	173	15	older	old	ADJ
faba-71	173	16	times	time	NOUN
faba-71	173	17	are	be	AUX
faba-71	173	18	not	not	PART
faba-71	173	19	representative	representative	ADJ
faba-71	173	20	about	about	ADP
faba-71	173	21	what	what	PRON
faba-71	173	22	today	today	NOUN
faba-71	173	23	’s	’s	PART
faba-71	173	24	pes	pe	NOUN
faba-71	173	25	should	should	AUX
faba-71	173	26	be	be	AUX
faba-71	173	27	.	.	PUNCT
faba-71	174	1	such	such	ADJ
faba-71	174	2	understanding	understanding	NOUN
faba-71	174	3	is	be	AUX
faba-71	174	4	mainly	mainly	ADV
faba-71	174	5	shared	share	VERB
faba-71	174	6	by	by	ADP
faba-71	174	7	supporters	supporter	NOUN
faba-71	174	8	of	of	ADP
faba-71	174	9	the	the	DET
faba-71	174	10	“	"	PUNCT
faba-71	174	11	new	new	ADJ
faba-71	174	12	normality	normality	NOUN
faba-71	174	13	”	"	PUNCT
faba-71	174	14	perception	perception	NOUN
faba-71	174	15	.	.	PUNCT
faba-71	175	1	with	with	ADP
faba-71	175	2	regard	regard	NOUN
faba-71	175	3	to	to	ADP
faba-71	175	4	this	this	PRON
faba-71	175	5	,	,	PUNCT
faba-71	175	6	an	an	DET
faba-71	175	7	important	important	ADJ
faba-71	175	8	question	question	NOUN
faba-71	175	9	arises	arise	VERB
faba-71	175	10	:	:	PUNCT
faba-71	175	11	what	what	PRON
faba-71	175	12	is	be	AUX
faba-71	175	13	the	the	DET
faba-71	175	14	normal	normal	ADJ
faba-71	175	15	pe	pe	NOUN
faba-71	175	16	level	level	NOUN
faba-71	175	17	to	to	PART
faba-71	175	18	be	be	AUX
faba-71	175	19	used	use	VERB
faba-71	175	20	as	as	ADP
faba-71	175	21	the	the	DET
faba-71	175	22	benchmark	benchmark	NOUN
faba-71	175	23	for	for	ADP
faba-71	175	24	future	future	ADJ
faba-71	175	25	times	time	NOUN
faba-71	175	26	?	?	PUNCT
faba-71	176	1	is	be	AUX
faba-71	176	2	it	it	PRON
faba-71	176	3	the	the	DET
faba-71	176	4	historical	historical	ADJ
faba-71	176	5	average	average	NOUN
faba-71	176	6	pe	pe	NOUN
faba-71	176	7	for	for	ADP
faba-71	176	8	the	the	DET
faba-71	176	9	whole	whole	ADJ
faba-71	176	10	long	long	ADJ
faba-71	176	11	period	period	NOUN
faba-71	176	12	(	(	PUNCT
faba-71	176	13	1871	1871	NUM
faba-71	176	14	-	-	SYM
faba-71	176	15	2021	2021	NUM
faba-71	176	16	)	)	PUNCT
faba-71	176	17	?	?	PUNCT
faba-71	177	1	is	be	AUX
faba-71	177	2	it	it	PRON
faba-71	177	3	the	the	DET
faba-71	177	4	average	average	ADJ
faba-71	177	5	pe	pe	NOUN
faba-71	177	6	for	for	ADP
faba-71	177	7	the	the	DET
faba-71	177	8	latest	late	ADJ
faba-71	177	9	two	two	NUM
faba-71	177	10	or	or	CCONJ
faba-71	177	11	three	three	NUM
faba-71	177	12	decades	decade	NOUN
faba-71	177	13	?	?	PUNCT
faba-71	178	1	is	be	AUX
faba-71	178	2	it	it	PRON
faba-71	178	3	the	the	DET
faba-71	178	4	current	current	ADJ
faba-71	178	5	pe	pe	INTJ
faba-71	178	6	level	level	NOUN
faba-71	178	7	(	(	PUNCT
faba-71	178	8	as	as	ADP
faba-71	178	9	of	of	ADP
faba-71	178	10	the	the	DET
faba-71	178	11	end	end	NOUN
faba-71	178	12	of	of	ADP
faba-71	178	13	2020	2020	NUM
faba-71	178	14	and	and	CCONJ
faba-71	178	15	beginning	beginning	NOUN
faba-71	178	16	of	of	ADP
faba-71	178	17	2021	2021	NUM
faba-71	178	18	)	)	PUNCT
faba-71	178	19	?	?	PUNCT
faba-71	179	1	one	one	NUM
faba-71	179	2	very	very	ADV
faba-71	179	3	logical	logical	ADJ
faba-71	179	4	approach	approach	NOUN
faba-71	179	5	to	to	ADP
faba-71	179	6	answering	answer	VERB
faba-71	179	7	this	this	DET
faba-71	179	8	question	question	NOUN
faba-71	179	9	is	be	AUX
faba-71	179	10	by	by	ADP
faba-71	179	11	looking	look	VERB
faba-71	179	12	at	at	ADP
faba-71	179	13	fundamentals	fundamental	NOUN
faba-71	179	14	.	.	PUNCT
faba-71	180	1	more	more	ADV
faba-71	180	2	specifically	specifically	ADV
faba-71	180	3	,	,	PUNCT
faba-71	180	4	it	it	PRON
faba-71	180	5	is	be	AUX
faba-71	180	6	important	important	ADJ
faba-71	180	7	to	to	PART
faba-71	180	8	explore	explore	VERB
faba-71	180	9	how	how	SCONJ
faba-71	180	10	the	the	DET
faba-71	180	11	above	above	ADJ
faba-71	180	12	actual	actual	ADJ
faba-71	180	13	pe	pe	PROPN
faba-71	180	14	levels	level	NOUN
faba-71	180	15	comply	comply	VERB
faba-71	180	16	with	with	ADP
faba-71	180	17	fundamentals	fundamental	NOUN
faba-71	180	18	.	.	PUNCT
faba-71	181	1	the	the	DET
faba-71	181	2	latter	latter	ADJ
faba-71	181	3	are	be	AUX
faba-71	181	4	also	also	ADV
faba-71	181	5	called	call	VERB
faba-71	181	6	the	the	DET
faba-71	181	7	value	value	NOUN
faba-71	181	8	drivers	driver	NOUN
faba-71	181	9	for	for	ADP
faba-71	181	10	companies	company	NOUN
faba-71	181	11	and	and	CCONJ
faba-71	181	12	stocks	stock	NOUN
faba-71	181	13	(	(	PUNCT
faba-71	181	14	copeland	copeland	PROPN
faba-71	181	15	,	,	PUNCT
faba-71	181	16	et	et	NOUN
faba-71	181	17	.	.	PUNCT
faba-71	182	1	all	all	PRON
faba-71	182	2	.	.	PUNCT
faba-71	182	3	,	,	PUNCT
faba-71	182	4	2000	2000	NUM
faba-71	182	5	)	)	PUNCT
faba-71	182	6	.	.	PUNCT
faba-71	183	1	these	these	PRON
faba-71	183	2	are	be	AUX
faba-71	183	3	:	:	PUNCT
faba-71	183	4	the	the	DET
faba-71	183	5	earnings	earning	NOUN
faba-71	183	6	potential	potential	NOUN
faba-71	183	7	(	(	PUNCT
faba-71	183	8	cash	cash	NOUN
faba-71	183	9	flow	flow	NOUN
faba-71	183	10	potential	potential	NOUN
faba-71	183	11	)	)	PUNCT
faba-71	183	12	;	;	PUNCT
faba-71	183	13	the	the	DET
faba-71	183	14	expected	expect	VERB
faba-71	183	15	growth	growth	NOUN
faba-71	183	16	of	of	ADP
faba-71	183	17	earnings	earning	NOUN
faba-71	183	18	(	(	PUNCT
faba-71	183	19	cash	cash	NOUN
faba-71	183	20	flows	flow	NOUN
faba-71	183	21	)	)	PUNCT
faba-71	183	22	;	;	PUNCT
faba-71	183	23	the	the	DET
faba-71	183	24	level	level	NOUN
faba-71	183	25	of	of	ADP
faba-71	183	26	risk	risk	NOUN
faba-71	183	27	.	.	PUNCT
faba-71	184	1	for	for	ADP
faba-71	184	2	the	the	DET
faba-71	184	3	purpose	purpose	NOUN
faba-71	184	4	of	of	ADP
faba-71	184	5	the	the	DET
faba-71	184	6	analysis	analysis	NOUN
faba-71	184	7	of	of	ADP
faba-71	184	8	stocks	stock	NOUN
faba-71	184	9	,	,	PUNCT
faba-71	184	10	these	these	DET
faba-71	184	11	three	three	NUM
faba-71	184	12	fundamentals	fundamental	NOUN
faba-71	184	13	are	be	AUX
faba-71	184	14	normally	normally	ADV
faba-71	184	15	represented	represent	VERB
faba-71	184	16	by	by	ADP
faba-71	184	17	the	the	DET
faba-71	184	18	following	follow	VERB
faba-71	184	19	three	three	NUM
faba-71	184	20	indicators	indicator	NOUN
faba-71	184	21	(	(	PUNCT
faba-71	184	22	damodaran	damodaran	VERB
faba-71	184	23	,	,	PUNCT
faba-71	184	24	2012	2012	NUM
faba-71	184	25	):	):	PUNCT
faba-71	184	26	roe	roe	NOUN
faba-71	184	27	(	(	PUNCT
faba-71	184	28	return	return	VERB
faba-71	184	29	on	on	ADP
faba-71	184	30	equity	equity	NOUN
faba-71	184	31	)	)	PUNCT
faba-71	184	32	;	;	PUNCT
faba-71	184	33	g	g	PROPN
faba-71	184	34	(	(	PUNCT
faba-71	184	35	eps	eps	NOUN
faba-71	184	36	growth	growth	NOUN
faba-71	184	37	)	)	PUNCT
faba-71	184	38	;	;	PUNCT
faba-71	184	39	re	re	X
faba-71	184	40	(	(	PUNCT
faba-71	184	41	cost	cost	NOUN
faba-71	184	42	of	of	ADP
faba-71	184	43	equity	equity	NOUN
faba-71	184	44	)	)	PUNCT
faba-71	184	45	.	.	PUNCT
faba-71	185	1	in	in	ADP
faba-71	185	2	previous	previous	ADJ
faba-71	185	3	studies	study	NOUN
faba-71	185	4	of	of	ADP
faba-71	185	5	the	the	DET
faba-71	185	6	author	author	NOUN
faba-71	185	7	,	,	PUNCT
faba-71	185	8	the	the	DET
faba-71	185	9	fundamental	fundamental	ADJ
faba-71	185	10	pe	pe	PROPN
faba-71	185	11	ratios	ratio	NOUN
faba-71	185	12	used	use	VERB
faba-71	185	13	to	to	PART
faba-71	185	14	be	be	AUX
faba-71	185	15	calculated	calculate	VERB
faba-71	185	16	on	on	ADP
faba-71	185	17	the	the	DET
faba-71	185	18	basis	basis	NOUN
faba-71	185	19	of	of	ADP
faba-71	185	20	the	the	DET
faba-71	185	21	above	above	ADJ
faba-71	185	22	fundamentals	fundamental	NOUN
faba-71	185	23	and	and	CCONJ
faba-71	185	24	later	later	ADV
faba-71	185	25	compared	compare	VERB
faba-71	185	26	to	to	ADP
faba-71	185	27	the	the	DET
faba-71	185	28	actual	actual	ADJ
faba-71	185	29	pe	pe	X
faba-71	185	30	ratios	ratio	NOUN
faba-71	185	31	(	(	PUNCT
faba-71	185	32	nenkov	nenkov	PROPN
faba-71	185	33	,	,	PUNCT
faba-71	185	34	bathala	bathala	NOUN
faba-71	185	35	,	,	PUNCT
faba-71	185	36	2008	2008	NUM
faba-71	185	37	)	)	PUNCT
faba-71	185	38	.	.	PUNCT
faba-71	186	1	this	this	DET
faba-71	186	2	time	time	NOUN
faba-71	186	3	the	the	DET
faba-71	186	4	reverse	reverse	ADJ
faba-71	186	5	approach	approach	NOUN
faba-71	186	6	is	be	AUX
faba-71	186	7	applied	apply	VERB
faba-71	186	8	.	.	PUNCT
faba-71	187	1	the	the	DET
faba-71	187	2	actual	actual	ADJ
faba-71	187	3	pes	pe	NOUN
faba-71	187	4	are	be	AUX
faba-71	187	5	used	use	VERB
faba-71	187	6	in	in	ADP
faba-71	187	7	order	order	NOUN
faba-71	187	8	to	to	PART
faba-71	187	9	determine	determine	VERB
faba-71	187	10	the	the	DET
faba-71	187	11	implied	imply	VERB
faba-71	187	12	cost	cost	NOUN
faba-71	187	13	of	of	ADP
faba-71	187	14	equity	equity	NOUN
faba-71	187	15	.	.	PUNCT
faba-71	188	1	the	the	DET
faba-71	188	2	analysis	analysis	NOUN
faba-71	188	3	is	be	AUX
faba-71	188	4	demonstrated	demonstrate	VERB
faba-71	188	5	in	in	ADP
faba-71	188	6	table	table	NOUN
faba-71	188	7	6	6	NUM
faba-71	188	8	.	.	PUNCT
faba-71	189	1	a	a	DET
faba-71	189	2	similar	similar	ADJ
faba-71	189	3	analysis	analysis	NOUN
faba-71	189	4	was	be	AUX
faba-71	189	5	performed	perform	VERB
faba-71	189	6	by	by	ADP
faba-71	189	7	massasuke	massasuke	PROPN
faba-71	189	8	ide	ide	NOUN
faba-71	189	9	for	for	ADP
faba-71	189	10	the	the	DET
faba-71	189	11	us	us	PROPN
faba-71	189	12	and	and	CCONJ
faba-71	189	13	japanese	japanese	ADJ
faba-71	189	14	stock	stock	NOUN
faba-71	189	15	markets	market	NOUN
faba-71	189	16	in	in	ADP
faba-71	189	17	the	the	DET
faba-71	189	18	1990	1990	NUM
faba-71	189	19	-	-	SYM
faba-71	189	20	s	s	NOUN
faba-71	189	21	,	,	PUNCT
faba-71	189	22	covering	cover	VERB
faba-71	189	23	the	the	DET
faba-71	189	24	years	year	NOUN
faba-71	189	25	preceding	precede	VERB
faba-71	189	26	the	the	DET
faba-71	189	27	burst	burst	NOUN
faba-71	189	28	of	of	ADP
faba-71	189	29	the	the	DET
faba-71	189	30	largest	large	ADJ
faba-71	189	31	bubble	bubble	NOUN
faba-71	189	32	in	in	ADP
faba-71	189	33	the	the	DET
faba-71	189	34	japanese	japanese	ADJ
faba-71	189	35	stock	stock	NOUN
faba-71	189	36	market	market	NOUN
faba-71	189	37	at	at	ADP
faba-71	189	38	the	the	DET
faba-71	189	39	end	end	NOUN
faba-71	189	40	of	of	ADP
faba-71	189	41	1989	1989	NUM
faba-71	189	42	(	(	PUNCT
faba-71	189	43	massasuke	massasuke	PROPN
faba-71	189	44	ide	ide	NOUN
faba-71	189	45	,	,	PUNCT
faba-71	189	46	1996	1996	NUM
faba-71	189	47	)	)	PUNCT
faba-71	189	48	.	.	PUNCT
faba-71	190	1	table	table	NOUN
faba-71	190	2	6	6	NUM
faba-71	190	3	shows	show	VERB
faba-71	190	4	the	the	DET
faba-71	190	5	arithmetic	arithmetic	ADJ
faba-71	190	6	mean	mean	NOUN
faba-71	190	7	and	and	CCONJ
faba-71	190	8	median	median	ADJ
faba-71	190	9	pe	pe	INTJ
faba-71	190	10	of	of	ADP
faba-71	190	11	the	the	DET
faba-71	190	12	s&p	s&p	PROPN
faba-71	190	13	500	500	NUM
faba-71	190	14	by	by	ADP
faba-71	190	15	sub	sub	NOUN
faba-71	190	16	-	-	NOUN
faba-71	190	17	periods	period	NOUN
faba-71	190	18	,	,	PUNCT
faba-71	190	19	as	as	SCONJ
faba-71	190	20	analyzed	analyze	VERB
faba-71	190	21	above	above	ADV
faba-71	190	22	in	in	ADP
faba-71	190	23	tables	table	NOUN
faba-71	190	24	4	4	NUM
faba-71	190	25	and	and	CCONJ
faba-71	190	26	5	5	NUM
faba-71	190	27	.	.	PUNCT
faba-71	191	1	the	the	DET
faba-71	191	2	other	other	ADJ
faba-71	191	3	input	input	NOUN
faba-71	191	4	variables	variable	NOUN
faba-71	191	5	include	include	VERB
faba-71	191	6	the	the	DET
faba-71	191	7	s&p	s&p	PROPN
faba-71	191	8	500	500	NUM
faba-71	191	9	payout	payout	NOUN
faba-71	191	10	ratios	ratio	NOUN
faba-71	191	11	(	(	PUNCT
faba-71	191	12	1	1	NUM
faba-71	191	13	-	-	PUNCT
faba-71	191	14	b	b	NOUN
faba-71	191	15	)	)	PUNCT
faba-71	191	16	,	,	PUNCT
faba-71	191	17	and	and	CCONJ
faba-71	191	18	the	the	DET
faba-71	191	19	s&p	s&p	PROPN
faba-71	191	20	500	500	NUM
faba-71	191	21	return	return	NOUN
faba-71	191	22	on	on	ADP
faba-71	191	23	equity	equity	NOUN
faba-71	191	24	roe	roe	PROPN
faba-71	191	25	.	.	PUNCT
faba-71	191	26	table	table	NOUN
faba-71	191	27	6	6	NUM
faba-71	191	28	.	.	PUNCT
faba-71	191	29	deriving	derive	VERB
faba-71	191	30	implied	imply	VERB
faba-71	191	31	cost	cost	NOUN
faba-71	191	32	of	of	ADP
faba-71	191	33	equity	equity	NOUN
faba-71	191	34	from	from	ADP
faba-71	191	35	s&p	s&p	PROPN
faba-71	191	36	500	500	NUM
faba-71	191	37	pe	pe	PROPN
faba-71	191	38	ratios	ratio	NOUN
faba-71	191	39	,	,	PUNCT
faba-71	191	40	roe	roe	NOUN
faba-71	191	41	,	,	PUNCT
faba-71	191	42	and	and	CCONJ
faba-71	191	43	g	g	PROPN
faba-71	191	44	period	period	NOUN
faba-71	191	45	indicator	indicator	NOUN
faba-71	191	46	1872	1872	NUM
faba-71	191	47	-	-	SYM
faba-71	191	48	2021	2021	NUM
faba-71	191	49	1991	1991	NUM
faba-71	191	50	-	-	SYM
faba-71	191	51	2021	2021	NUM
faba-71	191	52	oct	oct	NOUN
faba-71	191	53	2020	2020	NUM
faba-71	191	54	march	march	PROPN
faba-71	191	55	2021	2021	NUM
faba-71	191	56	s&p	s&p	PROPN
faba-71	191	57	500	500	NUM
faba-71	191	58	ре	ре	PROPN
faba-71	191	59	ratio	ratio	NOUN
faba-71	191	60	arithmetic	arithmetic	ADJ
faba-71	191	61	mean	mean	PROPN
faba-71	191	62	15.95	15.95	NUM
faba-71	191	63	24.96	24.96	NUM
faba-71	191	64	37.42	37.42	NUM
faba-71	191	65	s&p	s&p	PROPN
faba-71	191	66	500	500	NUM
faba-71	191	67	ре	ре	NOUN
faba-71	191	68	ratio	ratio	NOUN
faba-71	191	69	–	–	PUNCT
faba-71	191	70	median	median	NOUN
faba-71	191	71	14.89	14.89	NUM
faba-71	191	72	21.82	21.82	NUM
faba-71	191	73	38.00	38.00	NUM
faba-71	191	74	payout	payout	NOUN
faba-71	191	75	ratio	ratio	NOUN
faba-71	191	76	/modified/	/modified/	PROPN
faba-71	191	77	–	–	PUNCT
faba-71	191	78	(	(	PUNCT
faba-71	191	79	1b	1b	NUM
faba-71	191	80	)	)	PUNCT
faba-71	191	81	0.61	0.61	NUM
faba-71	191	82	0.86	0.86	NUM
faba-71	191	83	0.93	0.93	NUM
faba-71	191	84	return	return	NOUN
faba-71	191	85	on	on	ADP
faba-71	191	86	equity	equity	NOUN
faba-71	191	87	–	–	PUNCT
faba-71	191	88	roe	roe	NOUN
faba-71	191	89	14.00	14.00	NUM
faba-71	191	90	%	%	NOUN
faba-71	191	91	15.81	15.81	NUM
faba-71	191	92	%	%	NOUN
faba-71	191	93	13.98	13.98	NUM
faba-71	191	94	%	%	NOUN
faba-71	191	95	internal	internal	ADJ
faba-71	191	96	growth	growth	NOUN
faba-71	191	97	rate	rate	NOUN
faba-71	191	98	–	–	PUNCT
faba-71	191	99	g	g	ADP
faba-71	191	100	5.46	5.46	NUM
faba-71	191	101	%	%	NOUN
faba-71	191	102	2.21	2.21	NUM
faba-71	191	103	%	%	NOUN
faba-71	191	104	0.98	0.98	NUM
faba-71	191	105	%	%	NOUN
faba-71	191	106	implied	imply	VERB
faba-71	191	107	capitalization	capitalization	NOUN
faba-71	191	108	rate	rate	NOUN
faba-71	191	109	(	(	PUNCT
faba-71	191	110	re	re	NOUN
faba-71	191	111	g	g	NOUN
faba-71	191	112	)	)	PUNCT
faba-71	191	113	:	:	PUNCT
faba-71	191	114	based	base	VERB
faba-71	191	115	on	on	ADP
faba-71	191	116	arithmetic	arithmetic	ADJ
faba-71	191	117	mean	mean	NOUN
faba-71	191	118	ре	ре	ADP
faba-71	191	119	4.03	4.03	NUM
faba-71	191	120	%	%	NOUN
faba-71	191	121	3.52	3.52	NUM
faba-71	191	122	%	%	NOUN
faba-71	191	123	2.51	2.51	NUM
faba-71	191	124	%	%	NOUN
faba-71	191	125	based	base	VERB
faba-71	191	126	on	on	ADP
faba-71	191	127	median	median	PROPN
faba-71	191	128	ре	ре	ADP
faba-71	191	129	4.32	4.32	NUM
faba-71	191	130	%	%	NOUN
faba-71	191	131	4.03	4.03	NUM
faba-71	191	132	%	%	NOUN
faba-71	191	133	2.47	2.47	NUM
faba-71	191	134	%	%	NOUN
faba-71	191	135	implied	imply	VERB
faba-71	191	136	cost	cost	NOUN
faba-71	191	137	of	of	ADP
faba-71	191	138	equity	equity	NOUN
faba-71	191	139	re	re	ADP
faba-71	191	140	:	:	PUNCT
faba-71	191	141	based	base	VERB
faba-71	191	142	on	on	ADP
faba-71	191	143	arithmetic	arithmetic	ADJ
faba-71	191	144	mean	mean	NOUN
faba-71	191	145	ре	ре	ADP
faba-71	191	146	9.49	9.49	NUM
faba-71	191	147	%	%	NOUN
faba-71	191	148	5.74	5.74	NUM
faba-71	191	149	%	%	NOUN
faba-71	191	150	3.49	3.49	NUM
faba-71	191	151	%	%	NOUN
faba-71	191	152	based	base	VERB
faba-71	191	153	on	on	ADP
faba-71	191	154	median	median	PROPN
faba-71	191	155	ре	ре	ADP
faba-71	191	156	9.78	9.78	NUM
faba-71	191	157	%	%	NOUN
faba-71	191	158	6.24	6.24	NUM
faba-71	191	159	%	%	NOUN
faba-71	191	160	3.45	3.45	NUM
faba-71	191	161	%	%	NOUN
faba-71	191	162	source	source	NOUN
faba-71	191	163	:	:	PUNCT
faba-71	191	164	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	PROPN
faba-71	191	165	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	ADJ
faba-71	191	166	https://www.multpl.com/s-p-500-earnings	https://www.multpl.com/s-p-500-earning	NOUN
faba-71	191	167	http://pages.stern.nyu.edu/~adamodar/	http://pages.stern.nyu.edu/~adamodar/	NOUN
faba-71	191	168	calculations	calculation	NOUN
faba-71	191	169	of	of	ADP
faba-71	191	170	the	the	DET
faba-71	191	171	author	author	NOUN
faba-71	191	172	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	https://www.multpl.com/s-p-500-pe-ratio/table/by-month	PROPN
faba-71	191	173	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	https://www.multpl.com/s-p-500-pe-ratio/table/by-year	ADJ
faba-71	191	174	https://www.multpl.com/s-p-500-earnings	https://www.multpl.com/s-p-500-earning	NOUN
faba-71	191	175	http://pages.stern.nyu.edu/~adamodar/	http://pages.stern.nyu.edu/~adamodar/	NOUN
faba-71	191	176	dimiter	dimiter	NOUN
faba-71	191	177	nenkov	nenkov	PROPN
faba-71	191	178	/	/	SYM
faba-71	191	179	finance	finance	NOUN
faba-71	191	180	,	,	PUNCT
faba-71	191	181	accounting	accounting	NOUN
faba-71	191	182	and	and	CCONJ
faba-71	191	183	business	business	NOUN
faba-71	191	184	analysis	analysis	NOUN
faba-71	191	185	3	3	NUM
faba-71	191	186	(	(	PUNCT
faba-71	191	187	1	1	NUM
faba-71	191	188	)	)	PUNCT
faba-71	191	189	2021	2021	NUM
faba-71	191	190	64	64	NUM
faba-71	191	191	one	one	NUM
faba-71	191	192	of	of	ADP
faba-71	191	193	the	the	DET
faba-71	191	194	aspects	aspect	NOUN
faba-71	191	195	in	in	ADP
faba-71	191	196	which	which	PRON
faba-71	191	197	the	the	DET
faba-71	191	198	fundamental	fundamental	ADJ
faba-71	191	199	pe	pe	PROPN
faba-71	191	200	model	model	NOUN
faba-71	191	201	can	can	AUX
faba-71	191	202	be	be	AUX
faba-71	191	203	useful	useful	ADJ
faba-71	191	204	,	,	PUNCT
faba-71	191	205	is	be	AUX
faba-71	191	206	the	the	DET
faba-71	191	207	opportunity	opportunity	NOUN
faba-71	191	208	to	to	PART
faba-71	191	209	derive	derive	VERB
faba-71	191	210	the	the	DET
faba-71	191	211	implied	imply	VERB
faba-71	191	212	capitalization	capitalization	NOUN
faba-71	191	213	rate	rate	NOUN
faba-71	191	214	(	(	PUNCT
faba-71	191	215	re	re	NOUN
faba-71	191	216	–	–	PUNCT
faba-71	191	217	g	g	NOUN
faba-71	191	218	)	)	PUNCT
faba-71	191	219	,	,	PUNCT
faba-71	191	220	and	and	CCONJ
faba-71	191	221	the	the	DET
faba-71	191	222	implied	imply	VERB
faba-71	191	223	cost	cost	NOUN
faba-71	191	224	of	of	ADP
faba-71	191	225	equity	equity	NOUN
faba-71	191	226	(	(	PUNCT
faba-71	191	227	expected	expect	VERB
faba-71	191	228	rate	rate	NOUN
faba-71	191	229	of	of	ADP
faba-71	191	230	return	return	NOUN
faba-71	191	231	on	on	ADP
faba-71	191	232	common	common	ADJ
faba-71	191	233	stocks	stock	NOUN
faba-71	191	234	)	)	PUNCT
faba-71	191	235	re	re	VERB
faba-71	191	236	.	.	PUNCT
faba-71	192	1	for	for	ADP
faba-71	192	2	this	this	DET
faba-71	192	3	purpose	purpose	NOUN
faba-71	192	4	,	,	PUNCT
faba-71	192	5	the	the	DET
faba-71	192	6	actual	actual	ADJ
faba-71	192	7	market	market	NOUN
faba-71	192	8	pe	pe	PROPN
faba-71	192	9	ratios	ratio	NOUN
faba-71	192	10	are	be	AUX
faba-71	192	11	needed	need	VERB
faba-71	192	12	.	.	PUNCT
faba-71	193	1	the	the	DET
faba-71	193	2	reversed	reverse	VERB
faba-71	193	3	models	model	NOUN
faba-71	193	4	are	be	AUX
faba-71	193	5	:	:	PUNCT
faba-71	193	6	(	(	PUNCT
faba-71	193	7	)	)	PUNCT
faba-71	193	8	(	(	PUNCT
faba-71	193	9	)	)	PUNCT
faba-71	193	10	(	(	PUNCT
faba-71	193	11	)	)	PUNCT
faba-71	193	12	and	and	CCONJ
faba-71	193	13	(	(	PUNCT
faba-71	193	14	)	)	PUNCT
faba-71	193	15	(	(	PUNCT
faba-71	193	16	)	)	PUNCT
faba-71	193	17	where	where	SCONJ
faba-71	193	18	:	:	PUNCT
faba-71	193	19	(	(	PUNCT
faba-71	193	20	re	re	X
faba-71	193	21	–	–	PUNCT
faba-71	193	22	g	g	NOUN
faba-71	193	23	)	)	PUNCT
faba-71	193	24	=	=	VERB
faba-71	193	25	implied	imply	VERB
faba-71	193	26	capitalization	capitalization	NOUN
faba-71	193	27	rate	rate	NOUN
faba-71	193	28	,	,	PUNCT
faba-71	193	29	re	re	VERB
faba-71	193	30	=	=	NOUN
faba-71	193	31	implied	imply	VERB
faba-71	193	32	cost	cost	NOUN
faba-71	193	33	of	of	ADP
faba-71	193	34	equity	equity	NOUN
faba-71	193	35	,	,	PUNCT
faba-71	193	36	g	g	NOUN
faba-71	193	37	=	=	SYM
faba-71	193	38	internal	internal	ADJ
faba-71	193	39	growth	growth	NOUN
faba-71	193	40	rate	rate	NOUN
faba-71	193	41	,	,	PUNCT
faba-71	193	42	(	(	PUNCT
faba-71	193	43	1	1	NUM
faba-71	193	44	–	–	SYM
faba-71	193	45	b	b	NOUN
faba-71	193	46	)	)	PUNCT
faba-71	193	47	=	=	VERB
faba-71	193	48	payout	payout	NOUN
faba-71	193	49	ratio	ratio	NOUN
faba-71	193	50	,	,	PUNCT
faba-71	193	51	pe	pe	NOUN
faba-71	193	52	=	=	PUNCT
faba-71	193	53	actual	actual	ADJ
faba-71	193	54	market	market	NOUN
faba-71	193	55	pe	pe	NOUN
faba-71	193	56	ratio	ratio	NOUN
faba-71	193	57	.	.	PUNCT
faba-71	194	1	(	(	PUNCT
faba-71	194	2	all	all	DET
faba-71	194	3	variables	variable	NOUN
faba-71	194	4	are	be	AUX
faba-71	194	5	for	for	ADP
faba-71	194	6	the	the	DET
faba-71	194	7	s&p	s&p	PROPN
faba-71	194	8	500	500	NUM
faba-71	194	9	)	)	PUNCT
faba-71	194	10	.	.	PUNCT
faba-71	195	1	the	the	DET
faba-71	195	2	actual	actual	ADJ
faba-71	195	3	average	average	NOUN
faba-71	195	4	and	and	CCONJ
faba-71	195	5	median	median	ADJ
faba-71	195	6	pe	pe	PROPN
faba-71	195	7	were	be	AUX
faba-71	195	8	introduced	introduce	VERB
faba-71	195	9	and	and	CCONJ
faba-71	195	10	discussed	discuss	VERB
faba-71	195	11	in	in	ADP
faba-71	195	12	the	the	DET
faba-71	195	13	previous	previous	ADJ
faba-71	195	14	section	section	NOUN
faba-71	195	15	.	.	PUNCT
faba-71	196	1	they	they	PRON
faba-71	196	2	are	be	AUX
faba-71	196	3	for	for	ADP
faba-71	196	4	the	the	DET
faba-71	196	5	periods	period	NOUN
faba-71	196	6	:	:	PUNCT
faba-71	196	7	1871	1871	NUM
faba-71	196	8	-	-	SYM
faba-71	196	9	2021	2021	NUM
faba-71	196	10	,	,	PUNCT
faba-71	196	11	1991	1991	NUM
faba-71	196	12	-	-	SYM
faba-71	196	13	2021	2021	NUM
faba-71	196	14	,	,	PUNCT
faba-71	196	15	and	and	CCONJ
faba-71	196	16	oct	oct	PROPN
faba-71	196	17	2020	2020	NUM
faba-71	196	18	-	-	PUNCT
faba-71	196	19	march	march	PROPN
faba-71	196	20	2021	2021	NUM
faba-71	196	21	.	.	PUNCT
faba-71	197	1	the	the	DET
faba-71	197	2	average	average	ADJ
faba-71	197	3	payout	payout	NOUN
faba-71	197	4	ratios	ratio	NOUN
faba-71	197	5	for	for	ADP
faba-71	197	6	these	these	DET
faba-71	197	7	periods	period	NOUN
faba-71	197	8	are	be	AUX
faba-71	197	9	respectively	respectively	ADV
faba-71	197	10	:	:	PUNCT
faba-71	197	11	0.61	0.61	NUM
faba-71	197	12	,	,	PUNCT
faba-71	197	13	0.86	0.86	NUM
faba-71	197	14	,	,	PUNCT
faba-71	197	15	0.93	0.93	NUM
faba-71	197	16	.	.	PUNCT
faba-71	198	1	a	a	DET
faba-71	198	2	kind	kind	NOUN
faba-71	198	3	of	of	ADP
faba-71	198	4	modified	modify	VERB
faba-71	198	5	payout	payout	NOUN
faba-71	198	6	ratios	ratio	NOUN
faba-71	198	7	are	be	AUX
faba-71	198	8	used	use	VERB
faba-71	198	9	for	for	ADP
faba-71	198	10	the	the	DET
faba-71	198	11	last	last	ADJ
faba-71	198	12	two	two	NUM
faba-71	198	13	periods	period	NOUN
faba-71	198	14	,	,	PUNCT
faba-71	198	15	which	which	PRON
faba-71	198	16	include	include	VERB
faba-71	198	17	not	not	PART
faba-71	198	18	only	only	ADV
faba-71	198	19	dividend	dividend	NOUN
faba-71	198	20	payments	payment	NOUN
faba-71	198	21	,	,	PUNCT
faba-71	198	22	but	but	CCONJ
faba-71	198	23	also	also	ADV
faba-71	198	24	cash	cash	NOUN
faba-71	198	25	flows	flow	NOUN
faba-71	198	26	in	in	ADP
faba-71	198	27	the	the	DET
faba-71	198	28	form	form	NOUN
faba-71	198	29	of	of	ADP
faba-71	198	30	stock	stock	NOUN
faba-71	198	31	buybacks	buyback	NOUN
faba-71	198	32	.	.	PUNCT
faba-71	199	1	it	it	PRON
faba-71	199	2	is	be	AUX
faba-71	199	3	more	more	ADV
faba-71	199	4	representative	representative	ADJ
faba-71	199	5	,	,	PUNCT
faba-71	199	6	since	since	SCONJ
faba-71	199	7	the	the	DET
faba-71	199	8	policy	policy	NOUN
faba-71	199	9	of	of	ADP
faba-71	199	10	share	share	NOUN
faba-71	199	11	repurchases	repurchase	NOUN
faba-71	199	12	have	have	AUX
faba-71	199	13	been	be	AUX
faba-71	199	14	very	very	ADV
faba-71	199	15	intensively	intensively	ADV
faba-71	199	16	applied	apply	VERB
faba-71	199	17	by	by	ADP
faba-71	199	18	the	the	DET
faba-71	199	19	s&p	s&p	PROPN
faba-71	199	20	500	500	NUM
faba-71	199	21	companies	company	NOUN
faba-71	199	22	during	during	ADP
faba-71	199	23	the	the	DET
faba-71	199	24	last	last	ADJ
faba-71	199	25	two	two	NUM
faba-71	199	26	or	or	CCONJ
faba-71	199	27	three	three	NUM
faba-71	199	28	decades	decade	NOUN
faba-71	199	29	.	.	PUNCT
faba-71	200	1	this	this	PRON
faba-71	200	2	explains	explain	VERB
faba-71	200	3	the	the	DET
faba-71	200	4	extremely	extremely	ADV
faba-71	200	5	high	high	ADJ
faba-71	200	6	payout	payout	NOUN
faba-71	200	7	ratio	ratio	NOUN
faba-71	200	8	for	for	ADP
faba-71	200	9	these	these	DET
faba-71	200	10	two	two	NUM
faba-71	200	11	periods	period	NOUN
faba-71	200	12	.	.	PUNCT
faba-71	201	1	the	the	DET
faba-71	201	2	return	return	NOUN
faba-71	201	3	on	on	ADP
faba-71	201	4	equity	equity	NOUN
faba-71	201	5	has	have	AUX
faba-71	201	6	been	be	AUX
faba-71	201	7	with	with	ADP
faba-71	201	8	more	more	ADV
faba-71	201	9	stable	stable	ADJ
faba-71	201	10	levels	level	NOUN
faba-71	201	11	throughout	throughout	ADP
faba-71	201	12	the	the	DET
faba-71	201	13	period	period	NOUN
faba-71	201	14	,	,	PUNCT
faba-71	201	15	respectively	respectively	ADV
faba-71	201	16	:	:	PUNCT
faba-71	201	17	14.00	14.00	NUM
faba-71	201	18	%	%	NOUN
faba-71	201	19	,	,	PUNCT
faba-71	201	20	15.81	15.81	NUM
faba-71	201	21	%	%	NOUN
faba-71	201	22	,	,	PUNCT
faba-71	201	23	13.98	13.98	NUM
faba-71	201	24	%	%	NOUN
faba-71	201	25	.	.	PUNCT
faba-71	202	1	the	the	DET
faba-71	202	2	internal	internal	ADJ
faba-71	202	3	growth	growth	NOUN
faba-71	202	4	rates	rate	NOUN
faba-71	202	5	(	(	PUNCT
faba-71	202	6	g	g	NOUN
faba-71	202	7	)	)	PUNCT
faba-71	202	8	have	have	AUX
faba-71	202	9	been	be	AUX
faba-71	202	10	obtained	obtain	VERB
faba-71	202	11	for	for	ADP
faba-71	202	12	each	each	PRON
faba-71	202	13	of	of	ADP
faba-71	202	14	the	the	DET
faba-71	202	15	periods	period	NOUN
faba-71	202	16	on	on	ADP
faba-71	202	17	the	the	DET
faba-71	202	18	basis	basis	NOUN
faba-71	202	19	of	of	ADP
faba-71	202	20	the	the	DET
faba-71	202	21	retention	retention	NOUN
faba-71	202	22	ratios	ratio	NOUN
faba-71	202	23	(	(	PUNCT
faba-71	202	24	1	1	NUM
faba-71	202	25	–	–	PUNCT
faba-71	202	26	payout	payout	NOUN
faba-71	202	27	ratios	ratio	NOUN
faba-71	202	28	)	)	PUNCT
faba-71	202	29	and	and	CCONJ
faba-71	202	30	the	the	DET
faba-71	202	31	return	return	NOUN
faba-71	202	32	on	on	ADP
faba-71	202	33	equity	equity	NOUN
faba-71	202	34	,	,	PUNCT
faba-71	202	35	as	as	SCONJ
faba-71	202	36	follows	follow	VERB
faba-71	202	37	:	:	PUNCT
faba-71	202	38	g	g	NOUN
faba-71	202	39	=	=	NOUN
faba-71	202	40	5.46	5.46	NUM
faba-71	202	41	%	%	NOUN
faba-71	202	42	(	(	PUNCT
faba-71	202	43	1871	1871	NUM
faba-71	202	44	-	-	SYM
faba-71	202	45	1990	1990	NUM
faba-71	202	46	)	)	PUNCT
faba-71	202	47	,	,	PUNCT
faba-71	202	48	g	g	NOUN
faba-71	202	49	=	=	NOUN
faba-71	202	50	2.21	2.21	NUM
faba-71	202	51	%	%	NOUN
faba-71	202	52	(	(	PUNCT
faba-71	202	53	1991	1991	NUM
faba-71	202	54	-	-	SYM
faba-71	202	55	2021	2021	NUM
faba-71	202	56	)	)	PUNCT
faba-71	202	57	,	,	PUNCT
faba-71	202	58	g	g	NOUN
faba-71	202	59	=	=	SYM
faba-71	202	60	0.98	0.98	NUM
faba-71	202	61	%	%	NOUN
faba-71	202	62	(	(	PUNCT
faba-71	202	63	oct	oct	PROPN
faba-71	202	64	20	20	NUM
faba-71	202	65	-	-	PUNCT
faba-71	202	66	march	march	PROPN
faba-71	202	67	21	21	NUM
faba-71	202	68	)	)	PUNCT
faba-71	202	69	.	.	PUNCT
faba-71	203	1	the	the	DET
faba-71	203	2	capitalization	capitalization	NOUN
faba-71	203	3	rate	rate	NOUN
faba-71	203	4	is	be	AUX
faba-71	203	5	derived	derive	VERB
faba-71	203	6	in	in	ADP
faba-71	203	7	two	two	NUM
faba-71	203	8	variants	variant	NOUN
faba-71	203	9	–	–	PUNCT
faba-71	203	10	on	on	ADP
faba-71	203	11	the	the	DET
faba-71	203	12	basis	basis	NOUN
faba-71	203	13	of	of	ADP
faba-71	203	14	mean	mean	NOUN
faba-71	203	15	pe	pe	NOUN
faba-71	203	16	and	and	CCONJ
faba-71	203	17	median	median	PROPN
faba-71	203	18	pe	pe	PROPN
faba-71	203	19	.	.	PUNCT
faba-71	204	1	the	the	DET
faba-71	204	2	median	median	NOUN
faba-71	204	3	-	-	PUNCT
faba-71	204	4	based	base	VERB
faba-71	204	5	values	value	NOUN
faba-71	204	6	are	be	AUX
faba-71	204	7	:	:	PUNCT
faba-71	204	8	4.32	4.32	NUM
faba-71	204	9	%	%	NOUN
faba-71	204	10	,	,	PUNCT
faba-71	204	11	4.03	4.03	NUM
faba-71	204	12	%	%	NOUN
faba-71	204	13	,	,	PUNCT
faba-71	204	14	and	and	CCONJ
faba-71	204	15	2.47	2.47	NUM
faba-71	204	16	%	%	NOUN
faba-71	204	17	.	.	PUNCT
faba-71	205	1	the	the	DET
faba-71	205	2	derived	derive	VERB
faba-71	205	3	implied	imply	VERB
faba-71	205	4	cost	cost	NOUN
faba-71	205	5	equity	equity	NOUN
faba-71	205	6	(	(	PUNCT
faba-71	205	7	again	again	ADV
faba-71	205	8	median	median	ADJ
faba-71	205	9	-	-	PUNCT
faba-71	205	10	based	base	VERB
faba-71	205	11	)	)	PUNCT
faba-71	205	12	is	be	AUX
faba-71	205	13	respectively	respectively	ADV
faba-71	205	14	:	:	PUNCT
faba-71	205	15	9.78	9.78	NUM
faba-71	205	16	%	%	NOUN
faba-71	205	17	,	,	PUNCT
faba-71	205	18	6.24	6.24	NUM
faba-71	205	19	%	%	NOUN
faba-71	205	20	,	,	PUNCT
faba-71	205	21	and	and	CCONJ
faba-71	205	22	3.45	3.45	NUM
faba-71	205	23	%	%	NOUN
faba-71	205	24	.	.	PUNCT
faba-71	206	1	the	the	DET
faba-71	206	2	results	result	NOUN
faba-71	206	3	indicate	indicate	VERB
faba-71	206	4	that	that	SCONJ
faba-71	206	5	the	the	DET
faba-71	206	6	estimated	estimate	VERB
faba-71	206	7	capitalization	capitalization	NOUN
faba-71	206	8	rate	rate	NOUN
faba-71	206	9	declines	decline	VERB
faba-71	206	10	significantly	significantly	ADV
faba-71	206	11	with	with	ADP
faba-71	206	12	the	the	DET
faba-71	206	13	rise	rise	NOUN
faba-71	206	14	of	of	ADP
faba-71	206	15	the	the	DET
faba-71	206	16	actual	actual	ADJ
faba-71	206	17	pe	pe	PROPN
faba-71	206	18	ratios	ratio	NOUN
faba-71	206	19	.	.	PUNCT
faba-71	207	1	the	the	DET
faba-71	207	2	implied	imply	VERB
faba-71	207	3	cost	cost	NOUN
faba-71	207	4	of	of	ADP
faba-71	207	5	equity	equity	NOUN
faba-71	207	6	also	also	ADV
faba-71	207	7	goes	go	VERB
faba-71	207	8	down	down	ADP
faba-71	207	9	as	as	ADP
faba-71	207	10	a	a	DET
faba-71	207	11	result	result	NOUN
faba-71	207	12	of	of	ADP
faba-71	207	13	rising	rise	VERB
faba-71	207	14	market	market	NOUN
faba-71	207	15	pe	pe	NOUN
faba-71	207	16	ratios	ratio	NOUN
faba-71	207	17	.	.	PUNCT
faba-71	208	1	the	the	DET
faba-71	208	2	implied	imply	VERB
faba-71	208	3	cost	cost	NOUN
faba-71	208	4	of	of	ADP
faba-71	208	5	equity	equity	NOUN
faba-71	208	6	for	for	ADP
faba-71	208	7	the	the	DET
faba-71	208	8	longest	long	ADJ
faba-71	208	9	period	period	NOUN
faba-71	208	10	(	(	PUNCT
faba-71	208	11	1871	1871	NUM
faba-71	208	12	-	-	SYM
faba-71	208	13	2021	2021	NUM
faba-71	208	14	)	)	PUNCT
faba-71	208	15	of	of	ADP
faba-71	208	16	9.78	9.78	NUM
faba-71	208	17	%	%	NOUN
faba-71	208	18	corresponds	correspond	NOUN
faba-71	208	19	to	to	ADP
faba-71	208	20	the	the	DET
faba-71	208	21	historic	historic	ADJ
faba-71	208	22	cost	cost	NOUN
faba-71	208	23	of	of	ADP
faba-71	208	24	equity	equity	NOUN
faba-71	208	25	,	,	PUNCT
faba-71	208	26	calculated	calculate	VERB
faba-71	208	27	as	as	ADP
faba-71	208	28	a	a	DET
faba-71	208	29	geometric	geometric	ADJ
faba-71	208	30	average	average	NOUN
faba-71	208	31	for	for	ADP
faba-71	208	32	the	the	DET
faba-71	208	33	same	same	ADJ
faba-71	208	34	period	period	NOUN
faba-71	208	35	.	.	PUNCT
faba-71	209	1	the	the	DET
faba-71	209	2	implied	imply	VERB
faba-71	209	3	cost	cost	NOUN
faba-71	209	4	of	of	ADP
faba-71	209	5	equity	equity	NOUN
faba-71	209	6	for	for	ADP
faba-71	209	7	the	the	DET
faba-71	209	8	latest	late	ADJ
faba-71	209	9	three	three	NUM
faba-71	209	10	decades	decade	NOUN
faba-71	209	11	is	be	AUX
faba-71	209	12	quite	quite	ADV
faba-71	209	13	lower	low	ADJ
faba-71	209	14	–	–	PUNCT
faba-71	209	15	6.24	6.24	NUM
faba-71	209	16	%	%	NOUN
faba-71	209	17	.	.	PUNCT
faba-71	210	1	the	the	DET
faba-71	210	2	current	current	ADJ
faba-71	210	3	implied	imply	VERB
faba-71	210	4	cost	cost	NOUN
faba-71	210	5	of	of	ADP
faba-71	210	6	equity	equity	NOUN
faba-71	210	7	(	(	PUNCT
faba-71	210	8	last	last	ADJ
faba-71	210	9	6	6	NUM
faba-71	210	10	months	month	NOUN
faba-71	210	11	)	)	PUNCT
faba-71	210	12	of	of	ADP
faba-71	210	13	only	only	ADV
faba-71	210	14	3.45	3.45	NUM
faba-71	210	15	%	%	NOUN
faba-71	210	16	does	do	AUX
faba-71	210	17	n’t	not	PART
faba-71	210	18	seem	seem	VERB
faba-71	210	19	quite	quite	ADV
faba-71	210	20	normal	normal	ADJ
faba-71	210	21	.	.	PUNCT
faba-71	211	1	there	there	PRON
faba-71	211	2	is	be	VERB
faba-71	211	3	,	,	PUNCT
faba-71	211	4	however	however	ADV
faba-71	211	5	,	,	PUNCT
faba-71	211	6	one	one	NUM
faba-71	211	7	more	more	ADJ
faba-71	211	8	factor	factor	NOUN
faba-71	211	9	with	with	ADP
faba-71	211	10	direct	direct	ADJ
faba-71	211	11	impact	impact	NOUN
faba-71	211	12	on	on	ADP
faba-71	211	13	the	the	DET
faba-71	211	14	implied	imply	VERB
faba-71	211	15	cost	cost	NOUN
faba-71	211	16	of	of	ADP
faba-71	211	17	equity	equity	NOUN
faba-71	211	18	–	–	PUNCT
faba-71	211	19	this	this	PRON
faba-71	211	20	is	be	AUX
faba-71	211	21	the	the	DET
faba-71	211	22	growth	growth	NOUN
faba-71	211	23	rate	rate	NOUN
faba-71	211	24	.	.	PUNCT
faba-71	212	1	this	this	PRON
faba-71	212	2	may	may	AUX
faba-71	212	3	give	give	VERB
faba-71	212	4	reason	reason	NOUN
faba-71	212	5	for	for	SCONJ
faba-71	212	6	some	some	PRON
faba-71	212	7	to	to	PART
faba-71	212	8	disagree	disagree	VERB
faba-71	212	9	with	with	ADP
faba-71	212	10	the	the	DET
faba-71	212	11	received	receive	VERB
faba-71	212	12	cost	cost	NOUN
faba-71	212	13	of	of	ADP
faba-71	212	14	equity	equity	NOUN
faba-71	212	15	if	if	SCONJ
faba-71	212	16	they	they	PRON
faba-71	212	17	doubt	doubt	VERB
faba-71	212	18	the	the	DET
faba-71	212	19	correctness	correctness	NOUN
faba-71	212	20	of	of	ADP
faba-71	212	21	the	the	DET
faba-71	212	22	calculated	calculate	VERB
faba-71	212	23	growth	growth	NOUN
faba-71	212	24	rate	rate	NOUN
faba-71	212	25	.	.	PUNCT
faba-71	213	1	the	the	DET
faba-71	213	2	big	big	ADJ
faba-71	213	3	debate	debate	NOUN
faba-71	213	4	,	,	PUNCT
faba-71	213	5	after	after	ADV
faba-71	213	6	all	all	ADV
faba-71	213	7	,	,	PUNCT
faba-71	213	8	comes	come	VERB
faba-71	213	9	down	down	ADP
faba-71	213	10	to	to	ADP
faba-71	213	11	whether	whether	SCONJ
faba-71	213	12	the	the	DET
faba-71	213	13	cost	cost	NOUN
faba-71	213	14	of	of	ADP
faba-71	213	15	equity	equity	NOUN
faba-71	213	16	over	over	ADP
faba-71	213	17	the	the	DET
faba-71	213	18	last	last	ADJ
faba-71	213	19	decade	decade	NOUN
faba-71	213	20	can	can	AUX
faba-71	213	21	be	be	AUX
faba-71	213	22	considered	consider	VERB
faba-71	213	23	normal	normal	ADJ
faba-71	213	24	or	or	CCONJ
faba-71	213	25	not	not	PART
faba-71	213	26	.	.	PUNCT
faba-71	214	1	among	among	ADP
faba-71	214	2	the	the	DET
faba-71	214	3	five	five	NUM
faba-71	214	4	important	important	ADJ
faba-71	214	5	indicators	indicator	NOUN
faba-71	214	6	of	of	ADP
faba-71	214	7	a	a	DET
faba-71	214	8	bubble	bubble	NOUN
faba-71	214	9	in	in	ADP
faba-71	214	10	the	the	DET
faba-71	214	11	stock	stock	NOUN
faba-71	214	12	market	market	NOUN
faba-71	214	13	henry	henry	PROPN
faba-71	214	14	blodgett	blodgett	PROPN
faba-71	214	15	includes	include	VERB
faba-71	214	16	the	the	DET
faba-71	214	17	huge	huge	ADJ
faba-71	214	18	leverage	leverage	NOUN
faba-71	214	19	in	in	ADP
faba-71	214	20	the	the	DET
faba-71	214	21	system	system	NOUN
faba-71	214	22	,	,	PUNCT
faba-71	214	23	the	the	DET
faba-71	214	24	waves	wave	NOUN
faba-71	214	25	of	of	ADP
faba-71	214	26	capital	capital	NOUN
faba-71	214	27	that	that	PRON
faba-71	214	28	flood	flood	VERB
faba-71	214	29	the	the	DET
faba-71	214	30	market	market	NOUN
faba-71	214	31	(	(	PUNCT
faba-71	214	32	blodget	blodget	NOUN
faba-71	214	33	,	,	PUNCT
faba-71	214	34	2011	2011	NUM
faba-71	214	35	)	)	PUNCT
faba-71	214	36	.	.	PUNCT
faba-71	215	1	this	this	PRON
faba-71	215	2	is	be	AUX
faba-71	215	3	actually	actually	ADV
faba-71	215	4	the	the	DET
faba-71	215	5	current	current	ADJ
faba-71	215	6	situation	situation	NOUN
faba-71	215	7	in	in	ADP
faba-71	215	8	the	the	DET
faba-71	215	9	stock	stock	NOUN
faba-71	215	10	market	market	NOUN
faba-71	215	11	.	.	PUNCT
faba-71	216	1	there	there	PRON
faba-71	216	2	has	have	AUX
faba-71	216	3	been	be	AUX
faba-71	216	4	a	a	DET
faba-71	216	5	policy	policy	NOUN
faba-71	216	6	of	of	ADP
faba-71	216	7	maintaining	maintain	VERB
faba-71	216	8	extremely	extremely	ADV
faba-71	216	9	low	low	ADJ
faba-71	216	10	interest	interest	NOUN
faba-71	216	11	rates	rate	NOUN
faba-71	216	12	(	(	PUNCT
faba-71	216	13	close	close	ADJ
faba-71	216	14	to	to	ADP
faba-71	216	15	zero	zero	NUM
faba-71	216	16	)	)	PUNCT
faba-71	216	17	everywhere	everywhere	ADV
faba-71	216	18	since	since	SCONJ
faba-71	216	19	the	the	DET
faba-71	216	20	global	global	ADJ
faba-71	216	21	financial	financial	ADJ
faba-71	216	22	crisis	crisis	NOUN
faba-71	216	23	until	until	ADP
faba-71	216	24	nowadays	nowadays	ADV
faba-71	216	25	.	.	PUNCT
faba-71	217	1	in	in	ADP
faba-71	217	2	the	the	DET
faba-71	217	3	period	period	NOUN
faba-71	217	4	of	of	ADP
faba-71	217	5	the	the	DET
faba-71	217	6	covid-19	covid-19	PROPN
faba-71	217	7	pandemic	pandemic	NOUN
faba-71	217	8	this	this	DET
faba-71	217	9	policy	policy	NOUN
faba-71	217	10	has	have	AUX
faba-71	217	11	been	be	AUX
faba-71	217	12	further	far	ADV
faba-71	217	13	enhanced	enhance	VERB
faba-71	217	14	through	through	ADP
faba-71	217	15	a	a	DET
faba-71	217	16	number	number	NOUN
faba-71	217	17	of	of	ADP
faba-71	217	18	rescue	rescue	NOUN
faba-71	217	19	fiscal	fiscal	ADJ
faba-71	217	20	packages	package	NOUN
faba-71	217	21	to	to	PART
faba-71	217	22	help	help	VERB
faba-71	217	23	the	the	DET
faba-71	217	24	economy	economy	NOUN
faba-71	217	25	,	,	PUNCT
faba-71	217	26	as	as	ADV
faba-71	217	27	well	well	ADV
faba-71	217	28	as	as	ADP
faba-71	217	29	“	"	PUNCT
faba-71	217	30	quantitative	quantitative	ADJ
faba-71	217	31	easing	easing	NOUN
faba-71	217	32	”	"	PUNCT
faba-71	217	33	and	and	CCONJ
faba-71	217	34	other	other	ADJ
faba-71	217	35	similar	similar	ADJ
faba-71	217	36	incentives	incentive	NOUN
faba-71	217	37	by	by	ADP
faba-71	217	38	the	the	DET
faba-71	217	39	fed	fed	PROPN
faba-71	217	40	and	and	CCONJ
faba-71	217	41	other	other	ADJ
faba-71	217	42	central	central	ADJ
faba-71	217	43	banks	bank	NOUN
faba-71	217	44	.	.	PUNCT
faba-71	218	1	the	the	DET
faba-71	218	2	economy	economy	NOUN
faba-71	218	3	certainly	certainly	ADV
faba-71	218	4	needs	need	VERB
faba-71	218	5	such	such	ADJ
faba-71	218	6	incentives	incentive	NOUN
faba-71	218	7	.	.	PUNCT
faba-71	219	1	but	but	CCONJ
faba-71	219	2	most	most	ADJ
faba-71	219	3	of	of	ADP
faba-71	219	4	this	this	DET
faba-71	219	5	additional	additional	ADJ
faba-71	219	6	capital	capital	NOUN
faba-71	219	7	is	be	AUX
faba-71	219	8	designed	design	VERB
faba-71	219	9	to	to	PART
faba-71	219	10	reach	reach	VERB
faba-71	219	11	the	the	DET
faba-71	219	12	real	real	ADJ
faba-71	219	13	economy	economy	NOUN
faba-71	219	14	via	via	ADP
faba-71	219	15	the	the	DET
faba-71	219	16	capital	capital	NOUN
faba-71	219	17	and	and	CCONJ
faba-71	219	18	money	money	NOUN
faba-71	219	19	markets	market	NOUN
faba-71	219	20	.	.	PUNCT
faba-71	220	1	the	the	DET
faba-71	220	2	issue	issue	NOUN
faba-71	220	3	,	,	PUNCT
faba-71	220	4	however	however	ADV
faba-71	220	5	,	,	PUNCT
faba-71	220	6	is	be	AUX
faba-71	220	7	that	that	SCONJ
faba-71	220	8	channeling	channel	VERB
faba-71	220	9	funds	fund	NOUN
faba-71	220	10	to	to	ADP
faba-71	220	11	the	the	DET
faba-71	220	12	real	real	ADJ
faba-71	220	13	economy	economy	NOUN
faba-71	220	14	in	in	ADP
faba-71	220	15	a	a	DET
faba-71	220	16	way	way	NOUN
faba-71	220	17	that	that	PRON
faba-71	220	18	has	have	VERB
faba-71	220	19	a	a	DET
faba-71	220	20	real	real	ADJ
faba-71	220	21	effect	effect	NOUN
faba-71	220	22	is	be	AUX
faba-71	220	23	not	not	PART
faba-71	220	24	simple	simple	ADJ
faba-71	220	25	.	.	PUNCT
faba-71	221	1	the	the	DET
faba-71	221	2	path	path	NOUN
faba-71	221	3	of	of	ADP
faba-71	221	4	investing	invest	VERB
faba-71	221	5	in	in	ADP
faba-71	221	6	real	real	ADJ
faba-71	221	7	assets	asset	NOUN
faba-71	221	8	is	be	AUX
faba-71	221	9	much	much	ADV
faba-71	221	10	longer	long	ADJ
faba-71	221	11	and	and	CCONJ
faba-71	221	12	uneven	uneven	ADJ
faba-71	221	13	than	than	ADP
faba-71	221	14	directing	direct	VERB
faba-71	221	15	funds	fund	NOUN
faba-71	221	16	to	to	ADP
faba-71	221	17	financial	financial	ADJ
faba-71	221	18	markets	market	NOUN
faba-71	221	19	.	.	PUNCT
faba-71	222	1	with	with	ADP
faba-71	222	2	regard	regard	NOUN
faba-71	222	3	to	to	ADP
faba-71	222	4	this	this	PRON
faba-71	222	5	,	,	PUNCT
faba-71	222	6	it	it	PRON
faba-71	222	7	is	be	AUX
faba-71	222	8	worth	worth	ADJ
faba-71	222	9	making	make	VERB
faba-71	222	10	a	a	DET
faba-71	222	11	research	research	NOUN
faba-71	222	12	about	about	ADP
faba-71	222	13	what	what	PRON
faba-71	222	14	proportion	proportion	NOUN
faba-71	222	15	of	of	ADP
faba-71	222	16	all	all	DET
faba-71	222	17	these	these	DET
faba-71	222	18	“	"	PUNCT
faba-71	222	19	rescue	rescue	NOUN
faba-71	222	20	”	"	PUNCT
faba-71	222	21	funds	fund	NOUN
faba-71	222	22	do	do	AUX
faba-71	222	23	indeed	indeed	ADV
faba-71	222	24	reach	reach	VERB
faba-71	222	25	the	the	DET
faba-71	222	26	real	real	ADJ
faba-71	222	27	economy	economy	NOUN
faba-71	222	28	,	,	PUNCT
faba-71	222	29	and	and	CCONJ
faba-71	222	30	what	what	DET
faba-71	222	31	proportion	proportion	NOUN
faba-71	222	32	is	be	AUX
faba-71	222	33	only	only	ADV
faba-71	222	34	poured	pour	VERB
faba-71	222	35	in	in	ADP
faba-71	222	36	the	the	DET
faba-71	222	37	financial	financial	ADJ
faba-71	222	38	markets	market	NOUN
faba-71	222	39	,	,	PUNCT
faba-71	222	40	just	just	ADV
faba-71	222	41	to	to	PART
faba-71	222	42	be	be	AUX
faba-71	222	43	directed	direct	VERB
faba-71	222	44	into	into	ADP
faba-71	222	45	stocks	stock	NOUN
faba-71	222	46	,	,	PUNCT
faba-71	222	47	bitcoin	bitcoin	NOUN
faba-71	222	48	,	,	PUNCT
faba-71	222	49	other	other	ADJ
faba-71	222	50	crypto	crypto	NOUN
faba-71	222	51	currencies	currency	NOUN
faba-71	222	52	,	,	PUNCT
faba-71	222	53	etc	etc	X
faba-71	222	54	.	.	X
faba-71	223	1	it	it	PRON
faba-71	223	2	may	may	AUX
faba-71	223	3	turn	turn	VERB
faba-71	223	4	out	out	ADP
faba-71	223	5	that	that	SCONJ
faba-71	223	6	most	most	ADJ
faba-71	223	7	of	of	ADP
faba-71	223	8	this	this	DET
faba-71	223	9	additional	additional	ADJ
faba-71	223	10	and	and	CCONJ
faba-71	223	11	low	low	ADJ
faba-71	223	12	-	-	PUNCT
faba-71	223	13	cost	cost	NOUN
faba-71	223	14	capital	capital	NOUN
faba-71	223	15	do	do	AUX
faba-71	223	16	not	not	PART
faba-71	223	17	reach	reach	VERB
faba-71	223	18	at	at	ADP
faba-71	223	19	all	all	DET
faba-71	223	20	the	the	DET
faba-71	223	21	real	real	ADJ
faba-71	223	22	economy	economy	NOUN
faba-71	223	23	.	.	PUNCT
faba-71	224	1	why	why	SCONJ
faba-71	224	2	put	put	VERB
faba-71	224	3	efforts	effort	NOUN
faba-71	224	4	in	in	ADP
faba-71	224	5	investing	invest	VERB
faba-71	224	6	in	in	ADP
faba-71	224	7	real	real	ADJ
faba-71	224	8	assets	asset	NOUN
faba-71	224	9	in	in	ADP
faba-71	224	10	a	a	DET
faba-71	224	11	struggling	struggle	VERB
faba-71	224	12	economy	economy	NOUN
faba-71	224	13	,	,	PUNCT
faba-71	224	14	while	while	SCONJ
faba-71	224	15	buying	buy	VERB
faba-71	224	16	stocks	stock	NOUN
faba-71	224	17	or	or	CCONJ
faba-71	224	18	other	other	ADJ
faba-71	224	19	financial	financial	ADJ
faba-71	224	20	assets	asset	NOUN
faba-71	224	21	in	in	ADP
faba-71	224	22	a	a	DET
faba-71	224	23	rising	rise	VERB
faba-71	224	24	market	market	NOUN
faba-71	224	25	,	,	PUNCT
faba-71	224	26	would	would	AUX
faba-71	224	27	bring	bring	VERB
faba-71	224	28	at	at	ADV
faba-71	224	29	least	least	ADJ
faba-71	224	30	satisfactory	satisfactory	ADJ
faba-71	224	31	return	return	NOUN
faba-71	224	32	with	with	ADP
faba-71	224	33	no	no	DET
faba-71	224	34	efforts	effort	NOUN
faba-71	224	35	.	.	PUNCT
faba-71	225	1	all	all	DET
faba-71	225	2	the	the	DET
faba-71	225	3	above	above	ADJ
faba-71	225	4	incentives	incentive	NOUN
faba-71	225	5	are	be	AUX
faba-71	225	6	at	at	ADP
faba-71	225	7	the	the	DET
faba-71	225	8	expense	expense	NOUN
faba-71	225	9	of	of	ADP
faba-71	225	10	huge	huge	ADJ
faba-71	225	11	consumer	consumer	NOUN
faba-71	225	12	and	and	CCONJ
faba-71	225	13	government	government	NOUN
faba-71	225	14	debt	debt	NOUN
faba-71	225	15	and	and	CCONJ
faba-71	225	16	increased	increase	VERB
faba-71	225	17	inflation	inflation	NOUN
faba-71	225	18	potential	potential	NOUN
faba-71	225	19	.	.	PUNCT
faba-71	226	1	according	accord	VERB
faba-71	226	2	to	to	ADP
faba-71	226	3	all	all	DET
faba-71	226	4	fiscal	fiscal	ADJ
faba-71	226	5	and	and	CCONJ
faba-71	226	6	monetary	monetary	ADJ
faba-71	226	7	theories	theory	NOUN
faba-71	226	8	the	the	DET
faba-71	226	9	above	above	ADJ
faba-71	226	10	policies	policy	NOUN
faba-71	226	11	should	should	AUX
faba-71	226	12	lead	lead	VERB
faba-71	226	13	to	to	ADP
faba-71	226	14	higher	high	ADJ
faba-71	226	15	inflation	inflation	NOUN
faba-71	226	16	sooner	soon	ADV
faba-71	226	17	or	or	CCONJ
faba-71	226	18	later	later	ADV
faba-71	226	19	.	.	PUNCT
faba-71	227	1	since	since	SCONJ
faba-71	227	2	this	this	DET
faba-71	227	3	policy	policy	NOUN
faba-71	227	4	was	be	AUX
faba-71	227	5	started	start	VERB
faba-71	227	6	more	more	ADJ
faba-71	227	7	than	than	ADP
faba-71	227	8	a	a	DET
faba-71	227	9	decade	decade	NOUN
faba-71	227	10	ago	ago	ADV
faba-71	227	11	,	,	PUNCT
faba-71	227	12	the	the	DET
faba-71	227	13	question	question	NOUN
faba-71	227	14	is	be	AUX
faba-71	227	15	why	why	SCONJ
faba-71	227	16	inflation	inflation	NOUN
faba-71	227	17	rates	rate	NOUN
faba-71	227	18	have	have	AUX
faba-71	227	19	been	be	AUX
faba-71	227	20	so	so	ADV
faba-71	227	21	low	low	ADJ
faba-71	227	22	throughout	throughout	ADP
faba-71	227	23	all	all	DET
faba-71	227	24	this	this	DET
faba-71	227	25	period	period	NOUN
faba-71	227	26	.	.	PUNCT
faba-71	228	1	one	one	NUM
faba-71	228	2	possible	possible	ADJ
faba-71	228	3	explanation	explanation	NOUN
faba-71	228	4	,	,	PUNCT
faba-71	228	5	which	which	PRON
faba-71	228	6	is	be	AUX
faba-71	228	7	worth	worth	ADJ
faba-71	228	8	to	to	PART
faba-71	228	9	be	be	AUX
faba-71	228	10	dimiter	dimiter	NOUN
faba-71	228	11	nenkov	nenkov	NOUN
faba-71	228	12	/	/	SYM
faba-71	228	13	finance	finance	NOUN
faba-71	228	14	,	,	PUNCT
faba-71	228	15	accounting	accounting	NOUN
faba-71	228	16	and	and	CCONJ
faba-71	228	17	business	business	NOUN
faba-71	228	18	analysis	analysis	NOUN
faba-71	228	19	3	3	NUM
faba-71	228	20	(	(	PUNCT
faba-71	228	21	1	1	NUM
faba-71	228	22	)	)	PUNCT
faba-71	228	23	2021	2021	NUM
faba-71	228	24	65	65	NUM
faba-71	228	25	considered	consider	VERB
faba-71	228	26	,	,	PUNCT
faba-71	228	27	is	be	AUX
faba-71	228	28	that	that	ADV
faba-71	228	29	much	much	ADJ
faba-71	228	30	,	,	PUNCT
faba-71	228	31	if	if	SCONJ
faba-71	228	32	not	not	PART
faba-71	228	33	most	most	ADJ
faba-71	228	34	,	,	PUNCT
faba-71	228	35	of	of	ADP
faba-71	228	36	this	this	DET
faba-71	228	37	inflation	inflation	NOUN
faba-71	228	38	potential	potential	NOUN
faba-71	228	39	is	be	AUX
faba-71	228	40	absorbed	absorb	VERB
faba-71	228	41	by	by	ADP
faba-71	228	42	financial	financial	ADJ
faba-71	228	43	markets	market	NOUN
faba-71	228	44	.	.	PUNCT
faba-71	229	1	a	a	DET
faba-71	229	2	lot	lot	NOUN
faba-71	229	3	of	of	ADP
faba-71	229	4	these	these	DET
faba-71	229	5	extra	extra	ADJ
faba-71	229	6	funds	fund	NOUN
faba-71	229	7	are	be	AUX
faba-71	229	8	simply	simply	ADV
faba-71	229	9	dumped	dump	VERB
faba-71	229	10	on	on	ADP
faba-71	229	11	the	the	DET
faba-71	229	12	capital	capital	NOUN
faba-71	229	13	markets	market	NOUN
faba-71	229	14	and	and	CCONJ
faba-71	229	15	remain	remain	VERB
faba-71	229	16	there	there	ADV
faba-71	229	17	.	.	PUNCT
faba-71	230	1	in	in	ADP
faba-71	230	2	this	this	DET
faba-71	230	3	way	way	NOUN
faba-71	230	4	most	most	ADJ
faba-71	230	5	of	of	ADP
faba-71	230	6	the	the	DET
faba-71	230	7	inflation	inflation	NOUN
faba-71	230	8	potential	potential	NOUN
faba-71	230	9	is	be	AUX
faba-71	230	10	absorbed	absorb	VERB
faba-71	230	11	by	by	ADP
faba-71	230	12	financial	financial	ADJ
faba-71	230	13	markets	market	NOUN
faba-71	230	14	.	.	PUNCT
faba-71	231	1	this	this	PRON
faba-71	231	2	is	be	AUX
faba-71	231	3	one	one	NUM
faba-71	231	4	possible	possible	ADJ
faba-71	231	5	explanation	explanation	NOUN
faba-71	231	6	why	why	SCONJ
faba-71	231	7	pumping	pump	VERB
faba-71	231	8	money	money	NOUN
faba-71	231	9	by	by	ADP
faba-71	231	10	fed	fed	PROPN
faba-71	231	11	and	and	CCONJ
faba-71	231	12	the	the	DET
faba-71	231	13	government	government	NOUN
faba-71	231	14	still	still	ADV
faba-71	231	15	have	have	AUX
faba-71	231	16	not	not	PART
faba-71	231	17	lead	lead	VERB
faba-71	231	18	to	to	ADP
faba-71	231	19	higher	high	ADJ
faba-71	231	20	inflation	inflation	NOUN
faba-71	231	21	.	.	PUNCT
faba-71	232	1	the	the	DET
faba-71	232	2	inflation	inflation	NOUN
faba-71	232	3	is	be	AUX
faba-71	232	4	only	only	ADV
faba-71	232	5	in	in	ADP
faba-71	232	6	the	the	DET
faba-71	232	7	stock	stock	NOUN
faba-71	232	8	markets	market	NOUN
faba-71	232	9	and	and	CCONJ
faba-71	232	10	other	other	ADJ
faba-71	232	11	financial	financial	ADJ
faba-71	232	12	markets	market	NOUN
faba-71	232	13	.	.	PUNCT
faba-71	233	1	shortly	shortly	ADV
faba-71	233	2	said	say	VERB
faba-71	233	3	,	,	PUNCT
faba-71	233	4	highly	highly	ADV
faba-71	233	5	increased	increase	VERB
faba-71	233	6	public	public	ADJ
faba-71	233	7	expenditures	expenditure	NOUN
faba-71	233	8	and	and	CCONJ
faba-71	233	9	loose	loose	ADJ
faba-71	233	10	monetary	monetary	ADJ
faba-71	233	11	policy	policy	NOUN
faba-71	233	12	fuel	fuel	NOUN
faba-71	233	13	a	a	DET
faba-71	233	14	bubble	bubble	NOUN
faba-71	233	15	in	in	ADP
faba-71	233	16	the	the	DET
faba-71	233	17	stock	stock	NOUN
faba-71	233	18	market	market	NOUN
faba-71	233	19	.	.	PUNCT
faba-71	234	1	this	this	DET
faba-71	234	2	outcome	outcome	NOUN
faba-71	234	3	is	be	AUX
faba-71	234	4	good	good	ADJ
faba-71	234	5	for	for	ADP
faba-71	234	6	politicians	politician	NOUN
faba-71	234	7	as	as	ADV
faba-71	234	8	well	well	ADV
faba-71	234	9	,	,	PUNCT
faba-71	234	10	given	give	VERB
faba-71	234	11	that	that	SCONJ
faba-71	234	12	“	"	PUNCT
faba-71	234	13	they	they	PRON
faba-71	234	14	are	be	AUX
faba-71	234	15	focused	focus	VERB
faba-71	234	16	on	on	ADP
faba-71	234	17	stock	stock	NOUN
faba-71	234	18	markets	market	NOUN
faba-71	234	19	as	as	ADP
faba-71	234	20	indicators	indicator	NOUN
faba-71	234	21	of	of	ADP
faba-71	234	22	how	how	SCONJ
faba-71	234	23	they	they	PRON
faba-71	234	24	are	be	AUX
faba-71	234	25	performing	perform	VERB
faba-71	234	26	”	"	PUNCT
faba-71	234	27	.	.	PUNCT
faba-71	235	1	when	when	SCONJ
faba-71	235	2	the	the	DET
faba-71	235	3	market	market	NOUN
faba-71	235	4	is	be	AUX
faba-71	235	5	up	up	ADV
faba-71	235	6	,	,	PUNCT
faba-71	235	7	they	they	PRON
faba-71	235	8	point	point	VERB
faba-71	235	9	to	to	ADP
faba-71	235	10	this	this	PRON
faba-71	235	11	as	as	ADP
faba-71	235	12	their	their	PRON
faba-71	235	13	next	next	ADJ
faba-71	235	14	success	success	NOUN
faba-71	235	15	.	.	PUNCT
faba-71	236	1	this	this	PRON
faba-71	236	2	creates	create	VERB
faba-71	236	3	excessive	excessive	ADJ
faba-71	236	4	pressure	pressure	NOUN
faba-71	236	5	to	to	PART
faba-71	236	6	fiscaland	fiscaland	VERB
faba-71	236	7	monetary	monetary	ADJ
faba-71	236	8	-	-	PUNCT
faba-71	236	9	policymakers	policymaker	NOUN
faba-71	236	10	to	to	PART
faba-71	236	11	support	support	VERB
faba-71	236	12	markets	market	NOUN
faba-71	236	13	”	"	PUNCT
faba-71	236	14	(	(	PUNCT
faba-71	236	15	elliott	elliott	PROPN
faba-71	236	16	,	,	PUNCT
faba-71	236	17	d.	d.	PROPN
faba-71	236	18	,	,	PUNCT
faba-71	236	19	2020	2020	NUM
faba-71	236	20	)	)	PUNCT
faba-71	236	21	.	.	PUNCT
faba-71	237	1	according	accord	VERB
faba-71	237	2	to	to	ADP
faba-71	237	3	michael	michael	PROPN
faba-71	237	4	harnett	harnett	PROPN
faba-71	237	5	,	,	PUNCT
faba-71	237	6	chief	chief	ADJ
faba-71	237	7	investment	investment	NOUN
faba-71	237	8	strategist	strategist	NOUN
faba-71	237	9	at	at	ADP
faba-71	237	10	the	the	DET
faba-71	237	11	bank	bank	PROPN
faba-71	237	12	of	of	ADP
faba-71	237	13	america	america	PROPN
faba-71	237	14	's	's	PART
faba-71	237	15	research	research	NOUN
faba-71	237	16	unit	unit	NOUN
faba-71	237	17	,	,	PUNCT
faba-71	237	18	"	"	PUNCT
faba-71	237	19	stock	stock	NOUN
faba-71	237	20	prices	price	NOUN
faba-71	237	21	are	be	AUX
faba-71	237	22	rising	rise	VERB
faba-71	237	23	not	not	PART
faba-71	237	24	because	because	SCONJ
faba-71	237	25	of	of	ADP
faba-71	237	26	optimism	optimism	NOUN
faba-71	237	27	about	about	ADP
faba-71	237	28	the	the	DET
faba-71	237	29	economy	economy	NOUN
faba-71	237	30	,	,	PUNCT
faba-71	237	31	but	but	CCONJ
faba-71	237	32	in	in	ADP
faba-71	237	33	fact	fact	NOUN
faba-71	237	34	because	because	SCONJ
faba-71	237	35	the	the	DET
faba-71	237	36	future	future	NOUN
faba-71	237	37	looks	look	VERB
faba-71	237	38	relatively	relatively	ADV
faba-71	237	39	bleak	bleak	ADJ
faba-71	237	40	.	.	PUNCT
faba-71	237	41	"	"	PUNCT
faba-71	238	1	(	(	PUNCT
faba-71	238	2	sokolova	sokolova	PROPN
faba-71	238	3	,	,	PUNCT
faba-71	238	4	c.	c.	PROPN
faba-71	238	5	,	,	PUNCT
faba-71	238	6	2020	2020	NUM
faba-71	238	7	)	)	PUNCT
faba-71	238	8	.	.	PUNCT
faba-71	239	1	this	this	PRON
faba-71	239	2	leads	lead	VERB
faba-71	239	3	to	to	ADP
faba-71	239	4	the	the	DET
faba-71	239	5	biggest	big	ADJ
faba-71	239	6	paradox	paradox	NOUN
faba-71	239	7	in	in	ADP
faba-71	239	8	the	the	DET
faba-71	239	9	current	current	ADJ
faba-71	239	10	stock	stock	NOUN
faba-71	239	11	market	market	NOUN
faba-71	239	12	.	.	PUNCT
faba-71	240	1	it	it	PRON
faba-71	240	2	turns	turn	VERB
faba-71	240	3	out	out	ADP
faba-71	240	4	that	that	SCONJ
faba-71	240	5	the	the	PRON
faba-71	240	6	worse	bad	ADJ
faba-71	240	7	the	the	DET
faba-71	240	8	economy	economy	NOUN
faba-71	240	9	,	,	PUNCT
faba-71	240	10	the	the	PRON
faba-71	240	11	better	well	ADJ
faba-71	240	12	for	for	ADP
faba-71	240	13	stock	stock	NOUN
faba-71	240	14	market	market	NOUN
faba-71	240	15	growth	growth	NOUN
faba-71	240	16	.	.	PUNCT
faba-71	241	1	conclusion	conclusion	NOUN
faba-71	241	2	investors	investor	NOUN
faba-71	241	3	are	be	AUX
faba-71	241	4	divided	divide	VERB
faba-71	241	5	over	over	ADP
faba-71	241	6	whether	whether	SCONJ
faba-71	241	7	today	today	NOUN
faba-71	241	8	’s	’s	ADV
faba-71	241	9	us	us	PROPN
faba-71	241	10	stock	stock	NOUN
faba-71	241	11	market	market	NOUN
faba-71	241	12	is	be	AUX
faba-71	241	13	overvalued	overvalue	VERB
faba-71	241	14	,	,	PUNCT
faba-71	241	15	undervalued	undervalue	VERB
faba-71	241	16	or	or	CCONJ
faba-71	241	17	fairly	fairly	ADV
faba-71	241	18	valued	value	VERB
faba-71	241	19	,	,	PUNCT
faba-71	241	20	as	as	SCONJ
faba-71	241	21	it	it	PRON
faba-71	241	22	has	have	AUX
faba-71	241	23	always	always	ADV
faba-71	241	24	been	be	AUX
faba-71	241	25	the	the	DET
faba-71	241	26	case	case	NOUN
faba-71	241	27	during	during	ADP
faba-71	241	28	prolonged	prolonged	ADJ
faba-71	241	29	periods	period	NOUN
faba-71	241	30	of	of	ADP
faba-71	241	31	upward	upward	ADJ
faba-71	241	32	market	market	NOUN
faba-71	241	33	,	,	PUNCT
faba-71	241	34	as	as	ADV
faba-71	241	35	well	well	ADV
faba-71	241	36	as	as	ADP
faba-71	241	37	in	in	ADP
faba-71	241	38	periods	period	NOUN
faba-71	241	39	of	of	ADP
faba-71	241	40	market	market	NOUN
faba-71	241	41	turmoil	turmoil	NOUN
faba-71	241	42	.	.	PUNCT
faba-71	242	1	investors	investor	NOUN
faba-71	242	2	have	have	AUX
faba-71	242	3	actually	actually	ADV
faba-71	242	4	been	be	AUX
faba-71	242	5	divided	divide	VERB
faba-71	242	6	for	for	ADP
faba-71	242	7	at	at	ADP
faba-71	242	8	least	least	ADJ
faba-71	242	9	the	the	DET
faba-71	242	10	last	last	ADJ
faba-71	242	11	5	5	NUM
faba-71	242	12	or	or	CCONJ
faba-71	242	13	6	6	NUM
faba-71	242	14	years	year	NOUN
faba-71	242	15	,	,	PUNCT
faba-71	242	16	but	but	CCONJ
faba-71	242	17	they	they	PRON
faba-71	242	18	are	be	AUX
faba-71	242	19	even	even	ADV
faba-71	242	20	more	more	ADV
faba-71	242	21	uncertain	uncertain	ADJ
faba-71	242	22	now	now	ADV
faba-71	242	23	,	,	PUNCT
faba-71	242	24	after	after	ADP
faba-71	242	25	a	a	DET
faba-71	242	26	year	year	NOUN
faba-71	242	27	of	of	ADP
faba-71	242	28	covid-19	covid-19	PROPN
faba-71	242	29	pandemic	pandemic	ADJ
faba-71	242	30	crisis	crisis	NOUN
faba-71	242	31	.	.	PUNCT
faba-71	243	1	the	the	DET
faba-71	243	2	us	us	PROPN
faba-71	243	3	stock	stock	NOUN
faba-71	243	4	market	market	NOUN
faba-71	243	5	has	have	AUX
faba-71	243	6	been	be	AUX
faba-71	243	7	driven	drive	VERB
faba-71	243	8	by	by	ADP
faba-71	243	9	the	the	DET
faba-71	243	10	activity	activity	NOUN
faba-71	243	11	of	of	ADP
faba-71	243	12	both	both	CCONJ
faba-71	243	13	long	long	ADJ
faba-71	243	14	-	-	PUNCT
faba-71	243	15	term	term	NOUN
faba-71	243	16	investors	investor	NOUN
faba-71	243	17	on	on	ADP
faba-71	243	18	the	the	DET
faba-71	243	19	one	one	NUM
faba-71	243	20	hand	hand	NOUN
faba-71	243	21	and	and	CCONJ
faba-71	243	22	speculators	speculator	NOUN
faba-71	243	23	and	and	CCONJ
faba-71	243	24	traders	trader	NOUN
faba-71	243	25	on	on	ADP
faba-71	243	26	the	the	DET
faba-71	243	27	other	other	ADJ
faba-71	243	28	.	.	PUNCT
faba-71	244	1	the	the	DET
faba-71	244	2	latter	latter	ADJ
faba-71	244	3	group	group	NOUN
faba-71	244	4	is	be	AUX
faba-71	244	5	not	not	PART
faba-71	244	6	very	very	ADV
faba-71	244	7	interested	interested	ADJ
faba-71	244	8	in	in	ADP
faba-71	244	9	the	the	DET
faba-71	244	10	true	true	ADJ
faba-71	244	11	value	value	NOUN
faba-71	244	12	of	of	ADP
faba-71	244	13	the	the	DET
faba-71	244	14	market	market	NOUN
faba-71	244	15	.	.	PUNCT
faba-71	245	1	driven	drive	VERB
faba-71	245	2	by	by	ADP
faba-71	245	3	these	these	DET
faba-71	245	4	forces	force	NOUN
faba-71	245	5	,	,	PUNCT
faba-71	245	6	the	the	DET
faba-71	245	7	recent	recent	ADJ
faba-71	245	8	us	us	PROPN
faba-71	245	9	stock	stock	NOUN
faba-71	245	10	market	market	NOUN
faba-71	245	11	dynamics	dynamic	NOUN
faba-71	245	12	have	have	AUX
faba-71	245	13	demonstrated	demonstrate	VERB
faba-71	245	14	further	further	ADJ
faba-71	245	15	continuation	continuation	NOUN
faba-71	245	16	of	of	ADP
faba-71	245	17	the	the	DET
faba-71	245	18	trend	trend	NOUN
faba-71	245	19	from	from	ADP
faba-71	245	20	the	the	DET
faba-71	245	21	last	last	ADJ
faba-71	245	22	decade	decade	NOUN
faba-71	245	23	towards	towards	ADP
faba-71	245	24	higher	high	ADJ
faba-71	245	25	and	and	CCONJ
faba-71	245	26	higher	high	ADJ
faba-71	245	27	pe	pe	X
faba-71	245	28	ratios	ratio	NOUN
faba-71	245	29	.	.	PUNCT
faba-71	246	1	by	by	ADP
faba-71	246	2	linking	link	VERB
faba-71	246	3	these	these	DET
faba-71	246	4	levels	level	NOUN
faba-71	246	5	of	of	ADP
faba-71	246	6	pes	pe	NOUN
faba-71	246	7	to	to	ADP
faba-71	246	8	fundamentals	fundamental	NOUN
faba-71	246	9	,	,	PUNCT
faba-71	246	10	it	it	PRON
faba-71	246	11	becomes	become	VERB
faba-71	246	12	evident	evident	ADJ
faba-71	246	13	that	that	SCONJ
faba-71	246	14	they	they	PRON
faba-71	246	15	are	be	AUX
faba-71	246	16	mainly	mainly	ADV
faba-71	246	17	due	due	ADJ
faba-71	246	18	to	to	ADP
faba-71	246	19	the	the	DET
faba-71	246	20	low	low	ADJ
faba-71	246	21	cost	cost	NOUN
faba-71	246	22	of	of	ADP
faba-71	246	23	equity	equity	NOUN
faba-71	246	24	during	during	ADP
faba-71	246	25	this	this	DET
faba-71	246	26	period	period	NOUN
faba-71	246	27	.	.	PUNCT
faba-71	247	1	for	for	ADP
faba-71	247	2	some	some	DET
faba-71	247	3	market	market	NOUN
faba-71	247	4	players	player	NOUN
faba-71	247	5	this	this	PRON
faba-71	247	6	is	be	AUX
faba-71	247	7	“	"	PUNCT
faba-71	247	8	the	the	DET
faba-71	247	9	new	new	ADJ
faba-71	247	10	normality	normality	NOUN
faba-71	247	11	”	"	PUNCT
faba-71	247	12	.	.	PUNCT
faba-71	248	1	for	for	ADP
faba-71	248	2	others	other	NOUN
faba-71	248	3	this	this	PRON
faba-71	248	4	simply	simply	ADV
faba-71	248	5	does	do	AUX
faba-71	248	6	not	not	PART
faba-71	248	7	make	make	VERB
faba-71	248	8	sense	sense	NOUN
faba-71	248	9	in	in	ADP
faba-71	248	10	the	the	DET
faba-71	248	11	long	long	ADJ
faba-71	248	12	run	run	NOUN
faba-71	248	13	.	.	PUNCT
faba-71	249	1	normalcy	normalcy	NOUN
faba-71	249	2	implies	imply	VERB
faba-71	249	3	long	long	ADJ
faba-71	249	4	-	-	PUNCT
faba-71	249	5	term	term	NOUN
faba-71	249	6	sustainability	sustainability	NOUN
faba-71	249	7	of	of	ADP
faba-71	249	8	the	the	DET
faba-71	249	9	system	system	NOUN
faba-71	249	10	,	,	PUNCT
faba-71	249	11	lack	lack	NOUN
faba-71	249	12	of	of	ADP
faba-71	249	13	serious	serious	ADJ
faba-71	249	14	external	external	ADJ
faba-71	249	15	intervention	intervention	NOUN
faba-71	249	16	on	on	ADP
faba-71	249	17	the	the	DET
faba-71	249	18	capital	capital	NOUN
faba-71	249	19	market	market	NOUN
faba-71	249	20	.	.	PUNCT
faba-71	250	1	the	the	DET
faba-71	250	2	extremely	extremely	ADV
faba-71	250	3	low	low	ADJ
faba-71	250	4	implied	imply	VERB
faba-71	250	5	cost	cost	NOUN
faba-71	250	6	of	of	ADP
faba-71	250	7	equity	equity	NOUN
faba-71	250	8	nowadays	nowadays	ADV
faba-71	250	9	calls	call	VERB
faba-71	250	10	into	into	ADP
faba-71	250	11	question	question	NOUN
faba-71	250	12	the	the	DET
faba-71	250	13	extent	extent	NOUN
faba-71	250	14	to	to	PART
faba-71	250	15	which	which	PRON
faba-71	250	16	this	this	DET
faba-71	250	17	fundamental	fundamental	ADJ
faba-71	250	18	variable	variable	NOUN
faba-71	250	19	is	be	AUX
faba-71	250	20	indeed	indeed	ADV
faba-71	250	21	fundamental	fundamental	ADJ
faba-71	250	22	.	.	PUNCT
faba-71	251	1	the	the	DET
faba-71	251	2	grounds	ground	NOUN
faba-71	251	3	of	of	ADP
faba-71	251	4	doubt	doubt	NOUN
faba-71	251	5	are	be	AUX
faba-71	251	6	serious	serious	ADJ
faba-71	251	7	,	,	PUNCT
faba-71	251	8	given	give	VERB
faba-71	251	9	the	the	DET
faba-71	251	10	artificially	artificially	ADV
faba-71	251	11	maintained	maintain	VERB
faba-71	251	12	low	low	ADJ
faba-71	251	13	interest	interest	NOUN
faba-71	251	14	rates	rate	NOUN
faba-71	251	15	and	and	CCONJ
faba-71	251	16	the	the	DET
faba-71	251	17	outpouring	outpouring	NOUN
faba-71	251	18	of	of	ADP
faba-71	251	19	huge	huge	ADJ
faba-71	251	20	amount	amount	NOUN
faba-71	251	21	of	of	ADP
faba-71	251	22	capital	capital	NOUN
faba-71	251	23	on	on	ADP
faba-71	251	24	the	the	DET
faba-71	251	25	stock	stock	NOUN
faba-71	251	26	market	market	NOUN
faba-71	251	27	.	.	PUNCT
faba-71	252	1	references	reference	NOUN
faba-71	252	2	copeland	copeland	PROPN
faba-71	252	3	,	,	PUNCT
faba-71	252	4	t	t	PROPN
faba-71	252	5	,	,	PUNCT
faba-71	252	6	koller	koller	PROPN
faba-71	252	7	,	,	PUNCT
faba-71	252	8	t.	t.	PROPN
faba-71	252	9	,	,	PUNCT
faba-71	252	10	murrin	murrin	PROPN
faba-71	252	11	,	,	PUNCT
faba-71	252	12	j.	j.	PROPN
faba-71	252	13	,	,	PUNCT
faba-71	252	14	2000	2000	NUM
faba-71	252	15	.	.	PUNCT
faba-71	253	1	valuation	valuation	NOUN
faba-71	253	2	–	–	PUNCT
faba-71	253	3	measuring	measure	VERB
faba-71	253	4	and	and	CCONJ
faba-71	253	5	managing	manage	VERB
faba-71	253	6	the	the	DET
faba-71	253	7	value	value	NOUN
faba-71	253	8	of	of	ADP
faba-71	253	9	companies	company	NOUN
faba-71	253	10	,	,	PUNCT
faba-71	253	11	john	john	PROPN
faba-71	253	12	wiley	wiley	PROPN
faba-71	253	13	&	&	CCONJ
faba-71	253	14	sons	son	NOUN
faba-71	253	15	,	,	PUNCT
faba-71	253	16	new	new	PROPN
faba-71	253	17	york	york	PROPN
faba-71	253	18	damodaran	damodaran	NOUN
faba-71	253	19	,	,	PUNCT
faba-71	253	20	a.	a.	NOUN
faba-71	253	21	,	,	PUNCT
faba-71	253	22	2012	2012	NUM
faba-71	253	23	.	.	PUNCT
faba-71	254	1	investment	investment	NOUN
faba-71	254	2	valuation	valuation	NOUN
faba-71	254	3	–	–	PUNCT
faba-71	254	4	tools	tool	NOUN
faba-71	254	5	and	and	CCONJ
faba-71	254	6	techniques	technique	NOUN
faba-71	254	7	for	for	ADP
faba-71	254	8	determining	determine	VERB
faba-71	254	9	the	the	DET
faba-71	254	10	value	value	NOUN
faba-71	254	11	of	of	ADP
faba-71	254	12	any	any	DET
faba-71	254	13	asset	asset	NOUN
faba-71	254	14	,	,	PUNCT
faba-71	254	15	john	john	PROPN
faba-71	254	16	wiley	wiley	PROPN
faba-71	254	17	&	&	CCONJ
faba-71	254	18	sons	son	NOUN
faba-71	254	19	,	,	PUNCT
faba-71	254	20	new	new	PROPN
faba-71	254	21	york	york	PROPN
faba-71	254	22	graham	graham	PROPN
faba-71	254	23	,	,	PUNCT
faba-71	254	24	b.	b.	PROPN
faba-71	254	25	2006	2006	NUM
faba-71	254	26	.	.	PUNCT
faba-71	255	1	the	the	DET
faba-71	255	2	intelligent	intelligent	ADJ
faba-71	255	3	investor	investor	NOUN
faba-71	255	4	–	–	PUNCT
faba-71	255	5	revised	revise	VERB
faba-71	255	6	edition	edition	NOUN
faba-71	255	7	,	,	PUNCT
faba-71	255	8	first	first	PROPN
faba-71	255	9	collins	collins	PROPN
faba-71	255	10	business	business	NOUN
faba-71	255	11	essentials	essential	NOUN
faba-71	255	12	edition	edition	NOUN
faba-71	255	13	(	(	PUNCT
faba-71	255	14	harpercollins	harpercollin	NOUN
faba-71	255	15	publishers	publisher	NOUN
faba-71	255	16	)	)	PUNCT
faba-71	255	17	,	,	PUNCT
faba-71	255	18	(	(	PUNCT
faba-71	255	19	preface	preface	NOUN
faba-71	255	20	to	to	ADP
faba-71	255	21	the	the	DET
faba-71	255	22	fourth	fourth	PROPN
faba-71	255	23	edition	edition	NOUN
faba-71	255	24	by	by	ADP
faba-71	255	25	warren	warren	PROPN
faba-71	255	26	e.	e.	PROPN
faba-71	255	27	buffett	buffett	PROPN
faba-71	255	28	,	,	PUNCT
faba-71	255	29	updated	update	VERB
faba-71	255	30	with	with	ADP
faba-71	255	31	new	new	ADJ
faba-71	255	32	commentary	commentary	NOUN
faba-71	255	33	by	by	ADP
faba-71	255	34	jason	jason	PROPN
faba-71	255	35	zweig	zweig	PROPN
faba-71	255	36	)	)	PUNCT
faba-71	255	37	graham	graham	PROPN
faba-71	255	38	,	,	PUNCT
faba-71	255	39	b.	b.	PROPN
faba-71	255	40	,	,	PUNCT
faba-71	255	41	dodd	dodd	PROPN
faba-71	255	42	,	,	PUNCT
faba-71	255	43	d.	d.	PROPN
faba-71	255	44	,	,	PUNCT
faba-71	255	45	l.	l.	PROPN
faba-71	255	46	2009	2009	NUM
faba-71	255	47	.	.	PUNCT
faba-71	256	1	security	security	NOUN
faba-71	256	2	analysis	analysis	NOUN
faba-71	256	3	–	–	PUNCT
faba-71	256	4	principles	principle	NOUN
faba-71	256	5	and	and	CCONJ
faba-71	256	6	technique	technique	NOUN
faba-71	256	7	”	"	PUNCT
faba-71	256	8	,	,	PUNCT
faba-71	256	9	6th	6th	ADJ
faba-71	256	10	ed	ed	NOUN
faba-71	256	11	.	.	PROPN
faba-71	256	12	,	,	PUNCT
faba-71	256	13	the	the	DET
faba-71	256	14	mcgrawhill	mcgrawhill	NOUN
faba-71	256	15	companies	company	NOUN
faba-71	256	16	,	,	PUNCT
faba-71	256	17	inc	inc	PROPN
faba-71	256	18	.	.	PROPN
faba-71	257	1	(	(	PUNCT
faba-71	257	2	foreword	foreword	PROPN
faba-71	257	3	by	by	ADP
faba-71	257	4	warren	warren	PROPN
faba-71	257	5	buffett	buffett	PROPN
faba-71	257	6	,	,	PUNCT
faba-71	257	7	updated	update	VERB
faba-71	257	8	with	with	ADP
faba-71	257	9	new	new	ADJ
faba-71	257	10	commentary	commentary	NOUN
faba-71	257	11	by	by	ADP
faba-71	257	12	seth	seth	PROPN
faba-71	257	13	.	.	PUNCT
faba-71	257	14	a.	a.	PROPN
faba-71	257	15	klarman	klarman	PROPN
faba-71	257	16	,	,	PUNCT
faba-71	257	17	james	james	PROPN
faba-71	257	18	grant	grant	PROPN
faba-71	257	19	,	,	PUNCT
faba-71	257	20	bruce	bruce	PROPN
faba-71	257	21	greenwald	greenwald	PROPN
faba-71	257	22	,	,	PUNCT
faba-71	257	23	and	and	CCONJ
faba-71	257	24	others	other	NOUN
faba-71	257	25	)	)	PUNCT
faba-71	257	26	malkiel	malkiel	PROPN
faba-71	257	27	,	,	PUNCT
faba-71	257	28	b.	b.	PROPN
faba-71	257	29	g.	g.	PROPN
faba-71	257	30	,	,	PUNCT
faba-71	257	31	2015	2015	NUM
faba-71	257	32	.	.	PUNCT
faba-71	258	1	a	a	DET
faba-71	258	2	random	random	ADJ
faba-71	258	3	walk	walk	NOUN
faba-71	258	4	down	down	ADP
faba-71	258	5	wall	wall	PROPN
faba-71	258	6	street	street	PROPN
faba-71	258	7	,	,	PUNCT
faba-71	258	8	w.w	w.w	PROPN
faba-71	258	9	.	.	PROPN
faba-71	258	10	norton	norton	PROPN
faba-71	258	11	&	&	CCONJ
faba-71	258	12	company	company	PROPN
faba-71	258	13	,	,	PUNCT
faba-71	258	14	inc	inc	PROPN
faba-71	258	15	.	.	PROPN
faba-71	258	16	,	,	PUNCT
faba-71	258	17	new	new	PROPN
faba-71	258	18	york	york	PROPN
faba-71	258	19	greenwald	greenwald	PROPN
faba-71	258	20	,	,	PUNCT
faba-71	258	21	b.c.n	b.c.n	NOUN
faba-71	258	22	.	.	PUNCT
faba-71	258	23	,	,	PUNCT
faba-71	258	24	j.	j.	PROPN
faba-71	258	25	kahn	kahn	PROPN
faba-71	258	26	,	,	PUNCT
faba-71	258	27	p.	p.	PROPN
faba-71	258	28	sonkin	sonkin	ADJ
faba-71	258	29	,	,	PUNCT
faba-71	258	30	m.	m.	NOUN
faba-71	258	31	biema	biema	NOUN
faba-71	258	32	,	,	PUNCT
faba-71	258	33	2001	2001	NUM
faba-71	258	34	.	.	PUNCT
faba-71	259	1	value	value	NOUN
faba-71	259	2	investing	investing	NOUN
faba-71	259	3	–	–	PUNCT
faba-71	259	4	from	from	ADP
faba-71	259	5	graham	graham	PROPN
faba-71	259	6	to	to	ADP
faba-71	259	7	buffett	buffett	PROPN
faba-71	259	8	and	and	CCONJ
faba-71	259	9	beyond	beyond	ADV
faba-71	259	10	,	,	PUNCT
faba-71	259	11	john	john	PROPN
faba-71	259	12	wiley	wiley	PROPN
faba-71	259	13	&	&	CCONJ
faba-71	259	14	sons	sons	PROPN
faba-71	259	15	inc	inc	PROPN
faba-71	259	16	.	.	PROPN
faba-71	259	17	,	,	PUNCT
faba-71	259	18	new	new	PROPN
faba-71	259	19	jersey	jersey	PROPN
faba-71	259	20	massasuke	massasuke	PROPN
faba-71	259	21	ide	ide	NOUN
faba-71	259	22	–	–	PUNCT
faba-71	259	23	“	"	PUNCT
faba-71	259	24	corporate	corporate	ADJ
faba-71	259	25	profitability	profitability	NOUN
faba-71	259	26	and	and	CCONJ
faba-71	259	27	stock	stock	NOUN
faba-71	259	28	valuation	valuation	NOUN
faba-71	259	29	in	in	ADP
faba-71	259	30	japan	japan	PROPN
faba-71	259	31	”	"	PUNCT
faba-71	259	32	,	,	PUNCT
faba-71	259	33	financial	financial	ADJ
faba-71	259	34	analysts	analyst	NOUN
faba-71	259	35	journal	journal	NOUN
faba-71	259	36	,	,	PUNCT
faba-71	259	37	march	march	PROPN
faba-71	259	38	/	/	SYM
faba-71	259	39	april	april	PROPN
faba-71	259	40	,	,	PUNCT
faba-71	259	41	1996	1996	NUM
faba-71	259	42	,	,	PUNCT
faba-71	259	43	p.45	p.45	X
faba-71	259	44	malkiel	malkiel	PROPN
faba-71	259	45	,	,	PUNCT
faba-71	259	46	b.	b.	PROPN
faba-71	259	47	g.	g.	PROPN
faba-71	259	48	,	,	PUNCT
faba-71	259	49	2015	2015	NUM
faba-71	259	50	.	.	PUNCT
faba-71	260	1	a	a	DET
faba-71	260	2	random	random	ADJ
faba-71	260	3	walk	walk	NOUN
faba-71	260	4	down	down	ADP
faba-71	260	5	wall	wall	PROPN
faba-71	260	6	street	street	PROPN
faba-71	260	7	,	,	PUNCT
faba-71	260	8	w.w	w.w	PROPN
faba-71	260	9	.	.	PROPN
faba-71	260	10	norton	norton	PROPN
faba-71	260	11	&	&	CCONJ
faba-71	260	12	company	company	PROPN
faba-71	260	13	,	,	PUNCT
faba-71	260	14	inc	inc	PROPN
faba-71	260	15	.	.	PROPN
faba-71	260	16	,	,	PUNCT
faba-71	260	17	new	new	PROPN
faba-71	260	18	york	york	PROPN
faba-71	260	19	mauboussin	mauboussin	PROPN
faba-71	260	20	,	,	PUNCT
faba-71	260	21	m.	m.	NOUN
faba-71	260	22	j.	j.	PROPN
faba-71	260	23	2012	2012	NUM
faba-71	260	24	.	.	PUNCT
faba-71	261	1	the	the	DET
faba-71	261	2	success	success	NOUN
faba-71	261	3	equation	equation	NOUN
faba-71	261	4	–	–	PUNCT
faba-71	261	5	untangling	untangle	VERB
faba-71	261	6	skill	skill	NOUN
faba-71	261	7	and	and	CCONJ
faba-71	261	8	luck	luck	NOUN
faba-71	261	9	in	in	ADP
faba-71	261	10	business	business	NOUN
faba-71	261	11	,	,	PUNCT
faba-71	261	12	sports	sport	NOUN
faba-71	261	13	,	,	PUNCT
faba-71	261	14	and	and	CCONJ
faba-71	261	15	investing	investing	NOUN
faba-71	261	16	,	,	PUNCT
faba-71	261	17	harvard	harvard	PROPN
faba-71	261	18	business	business	PROPN
faba-71	261	19	review	review	PROPN
faba-71	261	20	press	press	NOUN
faba-71	261	21	molodovsky	molodovsky	NOUN
faba-71	261	22	,	,	PUNCT
faba-71	261	23	n.	n.	NOUN
faba-71	261	24	,	,	PUNCT
faba-71	261	25	1953	1953	NUM
faba-71	261	26	.	.	PUNCT
faba-71	262	1	a	a	DET
faba-71	262	2	theory	theory	NOUN
faba-71	262	3	of	of	ADP
faba-71	262	4	price	price	NOUN
faba-71	262	5	-	-	PUNCT
faba-71	262	6	earnings	earning	NOUN
faba-71	262	7	ratios	ratio	NOUN
faba-71	262	8	,	,	PUNCT
faba-71	262	9	financial	financial	ADJ
faba-71	262	10	analysts	analyst	NOUN
faba-71	262	11	journal	journal	NOUN
faba-71	262	12	,	,	PUNCT
faba-71	262	13	january	january	PROPN
faba-71	262	14	/	/	SYM
faba-71	262	15	february	february	PROPN
faba-71	262	16	1995	1995	NUM
faba-71	262	17	(	(	PUNCT
faba-71	262	18	reprinted	reprint	VERB
faba-71	262	19	from	from	ADP
faba-71	262	20	“	"	PUNCT
faba-71	262	21	the	the	DET
faba-71	262	22	analyst	analyst	NOUN
faba-71	262	23	journal	journal	NOUN
faba-71	262	24	”	"	PUNCT
faba-71	262	25	,	,	PUNCT
faba-71	262	26	november	november	PROPN
faba-71	262	27	1953	1953	NUM
faba-71	262	28	)	)	PUNCT
faba-71	262	29	nenkov	nenkov	PROPN
faba-71	262	30	,	,	PUNCT
faba-71	262	31	d.	d.	PROPN
faba-71	262	32	2017	2017	NUM
faba-71	262	33	.	.	PUNCT
faba-71	263	1	relative	relative	ADJ
faba-71	263	2	valuation	valuation	NOUN
faba-71	263	3	and	and	CCONJ
faba-71	263	4	stock	stock	NOUN
faba-71	263	5	-	-	PUNCT
faba-71	263	6	market	market	NOUN
faba-71	263	7	bubbles	bubble	NOUN
faba-71	263	8	,	,	PUNCT
faba-71	263	9	economic	economic	ADJ
faba-71	263	10	alternatives	alternative	NOUN
faba-71	263	11	,	,	PUNCT
faba-71	263	12	issue	issue	NOUN
faba-71	263	13	3	3	NUM
faba-71	263	14	,	,	PUNCT
faba-71	263	15	2017	2017	NUM
faba-71	263	16	,	,	PUNCT
faba-71	263	17	pp	pp	ADJ
faba-71	263	18	.	.	PUNCT
faba-71	264	1	363	363	NUM
faba-71	264	2	-	-	SYM
faba-71	264	3	378	378	NUM
faba-71	264	4	nenkov	nenkov	NOUN
faba-71	264	5	,	,	PUNCT
faba-71	264	6	d.	d.	PROPN
faba-71	264	7	,	,	PUNCT
faba-71	264	8	bathala	bathala	PROPN
faba-71	264	9	,	,	PUNCT
faba-71	264	10	c.	c.	NOUN
faba-71	264	11	,	,	PUNCT
faba-71	264	12	2008	2008	NUM
faba-71	264	13	.	.	PUNCT
faba-71	265	1	price	price	NOUN
faba-71	265	2	-	-	PUNCT
faba-71	265	3	earnings	earning	NOUN
faba-71	265	4	ratios	ratio	NOUN
faba-71	265	5	on	on	ADP
faba-71	265	6	the	the	DET
faba-71	265	7	bulgarian	bulgarian	ADJ
faba-71	265	8	capital	capital	NOUN
faba-71	265	9	market	market	NOUN
faba-71	265	10	:	:	PUNCT
faba-71	265	11	an	an	DET
faba-71	265	12	analytical	analytical	ADJ
faba-71	265	13	approach	approach	NOUN
faba-71	265	14	to	to	ADP
faba-71	265	15	comparing	compare	VERB
faba-71	265	16	actual	actual	ADJ
faba-71	265	17	vs.	vs.	X
faba-71	265	18	fundamental	fundamental	ADJ
faba-71	265	19	p	p	X
faba-71	265	20	/	/	SYM
faba-71	265	21	e	e	NOUN
faba-71	265	22	ratios	ratio	NOUN
faba-71	265	23	,	,	PUNCT
faba-71	265	24	globalization	globalization	NOUN
faba-71	265	25	:	:	PUNCT
faba-71	265	26	opportunities	opportunity	NOUN
faba-71	265	27	&	&	CCONJ
faba-71	265	28	challenges	challenge	NOUN
faba-71	265	29	,	,	PUNCT
faba-71	265	30	wisdom	wisdom	NOUN
faba-71	265	31	publications	publication	NOUN
faba-71	265	32	,	,	PUNCT
faba-71	265	33	delhi	delhi	PROPN
faba-71	265	34	shiller	shiller	PROPN
faba-71	265	35	,	,	PUNCT
faba-71	265	36	r.	r.	PROPN
faba-71	265	37	j.	j.	PROPN
faba-71	265	38	,	,	PUNCT
faba-71	265	39	2015	2015	NUM
faba-71	265	40	.	.	PUNCT
faba-71	266	1	the	the	DET
faba-71	266	2	irrational	irrational	ADJ
faba-71	266	3	exuberance	exuberance	NOUN
faba-71	266	4	,	,	PUNCT
faba-71	266	5	princeton	princeton	PROPN
faba-71	266	6	university	university	PROPN
faba-71	266	7	press	press	NOUN
faba-71	266	8	,	,	PUNCT
faba-71	266	9	new	new	PROPN
faba-71	266	10	jersey	jersey	PROPN
faba-71	266	11	dimiter	dimiter	NOUN
faba-71	266	12	nenkov	nenkov	PROPN
faba-71	266	13	/	/	SYM
faba-71	266	14	finance	finance	NOUN
faba-71	266	15	,	,	PUNCT
faba-71	266	16	accounting	accounting	NOUN
faba-71	266	17	and	and	CCONJ
faba-71	266	18	business	business	NOUN
faba-71	266	19	analysis	analysis	NOUN
faba-71	266	20	3	3	NUM
faba-71	266	21	(	(	PUNCT
faba-71	266	22	1	1	NUM
faba-71	266	23	)	)	PUNCT
faba-71	266	24	2021	2021	NUM
faba-71	266	25	66	66	NUM
faba-71	266	26	blodget	blodget	NOUN
faba-71	266	27	,	,	PUNCT
faba-71	266	28	h.	h.	PROPN
faba-71	266	29	henry	henry	PROPN
faba-71	266	30	blodget	blodget	PROPN
faba-71	266	31	,	,	PUNCT
faba-71	266	32	“	"	PUNCT
faba-71	266	33	is	be	AUX
faba-71	266	34	there	there	PRON
faba-71	266	35	a	a	DET
faba-71	266	36	new	new	ADJ
faba-71	266	37	tech	tech	NOUN
faba-71	266	38	bubble	bubble	NOUN
faba-71	266	39	?	?	PUNCT
faba-71	267	1	no	no	INTJ
faba-71	267	2	.	.	PUNCT
faba-71	267	3	”	"	PUNCT
faba-71	267	4	,	,	PUNCT
faba-71	267	5	business	business	NOUN
faba-71	267	6	insider	insider	NOUN
faba-71	267	7	,	,	PUNCT
faba-71	267	8	http://www.businessinsider.com/is-there-a-new-tech-bubble-2011-4#-1	http://www.businessinsider.com/is-there-a-new-tech-bubble-2011-4#-1	PROPN
faba-71	267	9	(	(	PUNCT
faba-71	267	10	11	11	NUM
faba-71	267	11	april	april	PROPN
faba-71	267	12	,	,	PUNCT
faba-71	267	13	2011	2011	NUM
faba-71	267	14	)	)	PUNCT
faba-71	267	15	.	.	PUNCT
faba-71	268	1	brush	brush	PROPN
faba-71	268	2	,	,	PUNCT
faba-71	268	3	m.	m.	NOUN
faba-71	268	4	,	,	PUNCT
faba-71	268	5	msn	msn	NOUN
faba-71	268	6	money	money	NOUN
faba-71	268	7	,	,	PUNCT
faba-71	268	8	http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basiscs-frombuffett.aspx	http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basiscs-frombuffett.aspx	PROPN
faba-71	268	9	(	(	PUNCT
faba-71	268	10	accessed	access	VERB
faba-71	268	11	30	30	NUM
faba-71	268	12	june	june	PROPN
faba-71	268	13	,	,	PUNCT
faba-71	268	14	2010	2010	NUM
faba-71	268	15	)	)	PUNCT
faba-71	268	16	damodaran	damodaran	NOUN
faba-71	268	17	,	,	PUNCT
faba-71	268	18	a.	a.	NOUN
faba-71	268	19	,	,	PUNCT
faba-71	268	20	2021	2021	NUM
faba-71	268	21	,	,	PUNCT
faba-71	268	22	http://pages.stern.nyu.edu/~adamodar/	http://pages.stern.nyu.edu/~adamodar/	NOUN
faba-71	268	23	,	,	PUNCT
faba-71	268	24	(	(	PUNCT
faba-71	268	25	accessed	access	VERB
faba-71	268	26	10	10	NUM
faba-71	268	27	march	march	NOUN
faba-71	268	28	,	,	PUNCT
faba-71	268	29	2021	2021	NUM
faba-71	268	30	)	)	PUNCT
faba-71	268	31	does	do	AUX
faba-71	268	32	beginner	beginner	NOUN
faba-71	268	33	’s	’s	PART
faba-71	268	34	luck	luck	NOUN
faba-71	268	35	exist	exist	VERB
faba-71	268	36	?	?	PUNCT
faba-71	268	37	,	,	PUNCT
faba-71	268	38	https://www.theifod.com/does-beginners-luck-exist/	https://www.theifod.com/does-beginners-luck-exist/	X
faba-71	268	39	,	,	PUNCT
faba-71	268	40	(	(	PUNCT
faba-71	268	41	accessed	access	VERB
faba-71	268	42	4	4	NUM
faba-71	268	43	feb	feb	NOUN
faba-71	268	44	,	,	PUNCT
faba-71	268	45	2020	2020	NUM
faba-71	268	46	)	)	PUNCT
faba-71	269	1	elliott	elliott	PROPN
faba-71	269	2	,	,	PUNCT
faba-71	269	3	d.	d.	PROPN
faba-71	269	4	j.	j.	PROPN
faba-71	269	5	2020	2020	PROPN
faba-71	269	6	.	.	PUNCT
faba-71	270	1	stock	stock	NOUN
faba-71	270	2	markets	market	NOUN
faba-71	270	3	versus	versus	ADP
faba-71	270	4	the	the	DET
faba-71	270	5	economy	economy	NOUN
faba-71	270	6	–	–	PUNCT
faba-71	270	7	implication	implication	NOUN
faba-71	270	8	for	for	ADP
faba-71	270	9	policy	policy	NOUN
faba-71	270	10	makers	maker	NOUN
faba-71	270	11	,	,	PUNCT
faba-71	270	12	https://www.oliverwyman.com/our-expertise/insights/2020/jun/stock-markets-versus-the-economy.html	https://www.oliverwyman.com/our-expertise/insights/2020/jun/stock-markets-versus-the-economy.html	X
faba-71	270	13	,	,	PUNCT
faba-71	270	14	(	(	PUNCT
faba-71	270	15	accessed	access	VERB
faba-71	270	16	2	2	NUM
faba-71	270	17	march	march	NOUN
faba-71	270	18	,	,	PUNCT
faba-71	270	19	2021	2021	NUM
faba-71	270	20	)	)	PUNCT
faba-71	270	21	little	little	ADJ
faba-71	270	22	,	,	PUNCT
faba-71	270	23	ken	ken	PROPN
faba-71	270	24	.	.	PROPN
faba-71	270	25	2020	2020	NUM
faba-71	270	26	.	.	PUNCT
faba-71	271	1	the	the	DET
faba-71	271	2	difference	difference	NOUN
faba-71	271	3	between	between	ADP
faba-71	271	4	a	a	DET
faba-71	271	5	stock	stock	NOUN
faba-71	271	6	’s	’s	PART
faba-71	271	7	value	value	NOUN
faba-71	271	8	and	and	CCONJ
faba-71	271	9	price	price	NOUN
faba-71	271	10	.	.	PUNCT
faba-71	271	11	,	,	PUNCT
faba-71	271	12	25	25	NUM
faba-71	271	13	sep	sep	PROPN
faba-71	271	14	,	,	PUNCT
faba-71	271	15	2020	2020	NUM
faba-71	271	16	,	,	PUNCT
faba-71	271	17	https://www.thebalance.com/the-difference-between-a-stock-s-value-and-price-3140860	https://www.thebalance.com/the-difference-between-a-stock-s-value-and-price-3140860	X
faba-71	271	18	,	,	PUNCT
faba-71	271	19	(	(	PUNCT
faba-71	271	20	accessed	access	VERB
faba-71	271	21	24	24	NUM
faba-71	271	22	feb	feb	NOUN
faba-71	271	23	,	,	PUNCT
faba-71	271	24	2021	2021	NUM
faba-71	271	25	)	)	PUNCT
faba-71	271	26	popov	popov	PROPN
faba-71	271	27	,	,	PUNCT
faba-71	271	28	b.	b.	PROPN
faba-71	271	29	2021	2021	NUM
faba-71	271	30	.	.	PUNCT
faba-71	272	1	sasht	sasht	PROPN
faba-71	272	2	izprashtat	izprashtat	PROPN
faba-71	272	3	2020	2020	NUM
faba-71	272	4	g.	g.	PROPN
faba-71	272	5	sas	sas	PROPN
faba-71	272	6	spad	spad	PROPN
faba-71	272	7	na	na	PROPN
faba-71	272	8	bvp	bvp	PROPN
faba-71	272	9	ot	ot	NOUN
faba-71	272	10	3.5	3.5	NUM
faba-71	272	11	%	%	NOUN
faba-71	272	12	naj	naj	NOUN
faba-71	272	13	-	-	NOUN
faba-71	272	14	golemiiat	golemiiat	NOUN
faba-71	272	15	ot	ot	NOUN
faba-71	272	16	1946	1946	NUM
faba-71	272	17	g	g	NOUN
faba-71	272	18	(	(	PUNCT
faba-71	272	19	usa	usa	PROPN
faba-71	272	20	send	send	VERB
faba-71	272	21	off	off	ADP
faba-71	272	22	2020	2020	NUM
faba-71	272	23	with	with	ADP
faba-71	272	24	3.5	3.5	NUM
faba-71	272	25	%	%	NOUN
faba-71	272	26	drop	drop	NOUN
faba-71	272	27	in	in	ADP
faba-71	272	28	gdp	gdp	NOUN
faba-71	272	29	–	–	PUNCT
faba-71	272	30	the	the	DET
faba-71	272	31	biggest	big	ADJ
faba-71	272	32	from	from	ADP
faba-71	272	33	1946	1946	NUM
faba-71	272	34	)	)	PUNCT
faba-71	272	35	,	,	PUNCT
faba-71	272	36	investor	investor	NOUN
faba-71	272	37	bg	bg	PROPN
faba-71	272	38	,	,	PUNCT
faba-71	272	39	https://www.investor.bg/novini/130/a/sasht-izprashtat-2020-g-sys-spad-na-bvp-ot-35-nai-golemiiatot-1946-g-320872/	https://www.investor.bg/novini/130/a/sasht-izprashtat-2020-g-sys-spad-na-bvp-ot-35-nai-golemiiatot-1946-g-320872/	PROPN
faba-71	272	40	(	(	PUNCT
faba-71	272	41	accessed	access	VERB
faba-71	272	42	7	7	NUM
faba-71	272	43	march	march	NOUN
faba-71	272	44	,	,	PUNCT
faba-71	272	45	2021	2021	NUM
faba-71	272	46	)	)	PUNCT
faba-71	272	47	sokolova	sokolova	PROPN
faba-71	272	48	,	,	PUNCT
faba-71	272	49	t.	t.	PROPN
faba-71	272	50	2020	2020	NUM
faba-71	272	51	.	.	PUNCT
faba-71	273	1	zashto	zashto	NOUN
faba-71	273	2	cenite	cenite	VERB
faba-71	273	3	na	na	AUX
faba-71	273	4	akciite	akciite	ADJ
faba-71	273	5	belezhat	belezhat	DET
faba-71	273	6	rekordi	rekordi	NOUN
faba-71	273	7	v	v	PROPN
faba-71	273	8	covid	covid	PROPN
faba-71	273	9	recesijata	recesijata	PROPN
faba-71	273	10	?	?	PUNCT
faba-71	273	11	,	,	PUNCT
faba-71	273	12	https://www.mediapool.bg/zashto-tsenite-na-aktsiite-belezhat-rekordi-v-covid-retsesiyatanews311194.html	https://www.mediapool.bg/zashto-tsenite-na-aktsiite-belezhat-rekordi-v-covid-retsesiyatanews311194.html	PROPN
faba-71	273	13	,	,	PUNCT
faba-71	273	14	19	19	NUM
faba-71	273	15	aug	aug	NOUN
faba-71	273	16	,	,	PUNCT
faba-71	273	17	2020	2020	NUM
faba-71	273	18	,	,	PUNCT
faba-71	273	19	(	(	PUNCT
faba-71	273	20	accessed	access	VERB
faba-71	273	21	2	2	NUM
faba-71	273	22	sep	sep	NOUN
faba-71	273	23	,	,	PUNCT
faba-71	273	24	2021	2021	NUM
faba-71	273	25	)	)	PUNCT
faba-71	273	26	wigglesworth	wigglesworth	NOUN
faba-71	273	27	,	,	PUNCT
faba-71	273	28	r.	r.	PROPN
faba-71	273	29	us	us	PROPN
faba-71	273	30	stocks	stock	NOUN
faba-71	273	31	’	'	PUNCT
faba-71	273	32	record	record	NOUN
faba-71	273	33	bull	bull	NOUN
faba-71	273	34	run	run	NOUN
faba-71	273	35	brought	bring	VERB
faba-71	273	36	to	to	ADP
faba-71	273	37	abrupt	abrupt	ADJ
faba-71	273	38	end	end	NOUN
faba-71	273	39	by	by	ADP
faba-71	273	40	coronavirus	coronavirus	NOUN
faba-71	273	41	,	,	PUNCT
faba-71	273	42	https://www.ft.com/content/6b987f46-644f-11ea-b3f3-fe4680ea68b5	https://www.ft.com/content/6b987f46-644f-11ea-b3f3-fe4680ea68b5	PROPN
faba-71	273	43	(	(	PUNCT
faba-71	273	44	accessed	access	VERB
faba-71	273	45	7	7	NUM
faba-71	273	46	march	march	NOUN
faba-71	273	47	,	,	PUNCT
faba-71	273	48	2021	2021	NUM
faba-71	273	49	)	)	PUNCT
faba-71	274	1	http://www.businessinsider.com/is-there-a-new-tech-bubble-2011-4#-1	http://www.businessinsider.com/is-there-a-new-tech-bubble-2011-4#-1	VERB
faba-71	274	2	http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basiscs-from-buffett.aspx	http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basiscs-from-buffett.aspx	NOUN
faba-71	274	3	http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basiscs-from-buffett.aspx	http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basiscs-from-buffett.aspx	PROPN
faba-71	274	4	http://pages.stern.nyu.edu/~adamodar/	http://pages.stern.nyu.edu/~adamodar/	NOUN
faba-71	274	5	https://www.theifod.com/does-beginners-luck-exist/	https://www.theifod.com/does-beginners-luck-exist/	NOUN
faba-71	274	6	https://www.oliverwyman.com/our-expertise/insights/2020/jun/stock-markets-versus-the-economy-.html	https://www.oliverwyman.com/our-expertise/insights/2020/jun/stock-markets-versus-the-economy-.html	X
faba-71	274	7	https://www.oliverwyman.com/our-expertise/insights/2020/jun/stock-markets-versus-the-economy-.html	https://www.oliverwyman.com/our-expertise/insights/2020/jun/stock-markets-versus-the-economy-.html	PROPN
faba-71	274	8	https://www.thebalance.com/the-difference-between-a-stock-s-value-and-price-3140860	https://www.thebalance.com/the-difference-between-a-stock-s-value-and-price-3140860	PROPN
faba-71	274	9	https://www.investor.bg/novini/130/a/sasht-izprashtat-2020-g-sys-spad-na-bvp-ot-35-nai-golemiiat-ot-1946-g-320872/	https://www.investor.bg/novini/130/a/sasht-izprashtat-2020-g-sys-spad-na-bvp-ot-35-nai-golemiiat-ot-1946-g-320872/	VERB
faba-71	274	10	https://www.investor.bg/novini/130/a/sasht-izprashtat-2020-g-sys-spad-na-bvp-ot-35-nai-golemiiat-ot-1946-g-320872/	https://www.investor.bg/novini/130/a/sasht-izprashtat-2020-g-sys-spad-na-bvp-ot-35-nai-golemiiat-ot-1946-g-320872/	PROPN
faba-71	274	11	https://www.mediapool.bg/zashto-tsenite-na-aktsiite-belezhat-rekordi-v-covid-retsesiyata-news311194.html	https://www.mediapool.bg/zashto-tsenite-na-aktsiite-belezhat-rekordi-v-covid-retsesiyata-news311194.html	NOUN
faba-71	274	12	https://www.mediapool.bg/zashto-tsenite-na-aktsiite-belezhat-rekordi-v-covid-retsesiyata-news311194.html	https://www.mediapool.bg/zashto-tsenite-na-aktsiite-belezhat-rekordi-v-covid-retsesiyata-news311194.html	PROPN
faba-71	274	13	https://www.ft.com/content/6b987f46-644f-11ea-b3f3-fe4680ea68b5	https://www.ft.com/content/6b987f46-644f-11ea-b3f3-fe4680ea68b5	ADV