Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: Nemer who wrote (6953)	5/22/2002 5:13:59 PM
From: Louis V. Lambrecht	Read Replies (1) of 7434

OT - did you see this? frbsf.org FRBSF Economic Letter 2002-16; May 24, 2002 Searching for Value in the U.S. Stock Market .... Applying this multiple to the S&P's estimate of $36.34 for reported earnings in 2002 yields a predicted value of 876 for the index--about 20% below the current level.... Many 100 pointers to come now that even the Frisco FED is preparing the market to accept that idea.

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