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Strategies & Market Trends : Complacency Indexes
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To: ajtj99 who wrote (1191)5/8/2002 6:25:09 PM
From: Vitas   of 1487
 
>>When the T-Bill yield goes up, P/E's need to move down in order to be competitive with the T-Bill yield<<

either that or t-bill rates going up means that demand for money is strong, the economy is healthy, and earnings will improve down the road to take care of the "E" in p/e
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