Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Justa Werkenstiff who wrote (23897)	9/7/1998 12:10:00 AM
From: Gottfried	Read Replies (2) of 70976

Justa, you said > Re: "The source was an infrequent poster." Yeah, don't you just hate that type of guy <G>.< I do wish you would post more. But then, maybe you have nothing new to say? That doesn't keep me from posting. GM from the Greenspan/Yardeni paper on stock vs bond yield.. Interestingly, the Fed's model shows that stocks were fairly valued at the end of 1996 and became 18% overvalued by the summer of l997. In September 1987, just prior to the October crash, stocks were 32% above fair value. Immediately after the crash, stocks were 7% undervalued. They were consistently undervalued from 1993 through 1995. Stocks are 5.9% undervalued now. yardeni.com

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