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Strategies & Market Trends : The Stock Market Bubble
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To: Moominoid who wrote (2253)11/1/1998 12:24:00 PM
From: Lucretius  Read Replies (1) of 3339
 
if you are going to discount earnings, you need to use a L-T rate. You should actually use some midline corp rate like B rating debt and not treasury debt.

Uncle Al will cut rates till the cows come home... short rates will fall. Your dollar bill won't be worth the paper it is printed on.
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