SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Les H who wrote (132547)11/2/2001 10:54:23 AM
From: ild  Read Replies (1) of 436258
 
From today's Don Hays:


When the U.S. government announced on Wednesday that the 30-year bond would no longer be issued, it caused the largest drop in government bond yields in the last 30 years. That has two great effects for stock buyers. The first, of course, is that it makes stocks a more attractive alternative to bonds. The second is that it also will drop mortgage rates sharply, producing an additional strong emphasis to homebuyers, a very important part of the U.S. economy. But I’m more interested in the effect on the stock valuation. As of last Tuesday’s low, November 2, 2001 this drove the S&P 500 down to being 16.9% undervalued. So far, each time the S&P 500’s valuation has dropped into our extremely undervalued zone, it has been enough emphasis to initiate a strong rally, and that is what happened again on the last two days. Even after that two-day rally, the S&P 500 is still 15% undervalued.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News