"No one wants to see them go out and buy television stations at a market peak," he said.
These very big deals tend to occur at market peaks.
Since the market peak in 2000, the city's unemployment rate has almost doubled to 9.2 percent today.
The market peak for Internet and high-tech stocks was in the first half of 2000.
At the market peak in 2000, many large tech companies sold at 60 times or more expected earnings.
Q. By most accounts, investors lost more than $500 billion Monday and $1 trillion since the market peak.
And the fund lost 7.7 percent from the market peak through Oct. 16 versus a loss of 11 percent for its peers.
Because the purchases are made over such a long period, only a small percentage of your portfolio will have been bought at market peaks.
When pricing the land reference is typically made to approved building land prices at the market peak.
The high level, which we reached in this recent market peak, was 34 times.