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Strategies & Market Trends : Shorting SPY for fun and profit.

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To: Berney who wrote (67)	11/9/1997 11:53:00 PM
From: studdog	Read Replies (1) of 346

nice work Berney, it's rassuring in some ways how that model gives similar numbers to the Fed model, which is : forward earnings/ current 10 yr bond yield. i.e. 49.70/.058 = 842. The 49.70 was the september estimate. I think that earnings are going to be revised downward a fair amount due to decrease demand in Asia and inablility to raise prices., I would favor the 8% growth rate. Karl

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