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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (31769)	8/8/1999 10:46:00 AM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Gottfried, Thanks for the "Stock Valuation: Fed Model" Chart by Yardeni. The Economist Yardeni, I remember, predicted a Global Recession beginning next year because of the Y2K problem. If most Investors read and believe his Chart and Explanations that Stock prices are so Overvalued --- we would see Stock prices tumbling down Worldwide that eventually will cause recessions worldwide that people would see Yardeni as a Genius worthy of a Nobel Prize! Probably Alan Greenspan used the Model to talk down the Market in 1997 and 1998 when the Model gave readings of 20% and 25% respectively for both years. His talking down the Market of course resulted in the Recessions in Asia and elsewhere when Investors pulled Out their money from those countries involved... but now in 1999, with the Model at 45% reading, Alan Greenspan is not saying anything. Maybe he now thinks the Model's readings when followed gives more Harm than Good and that he is now following another Model? Alan Greenspan should know better: --- talking down the market now, when Asia and Elsewhere are still coming out of Recession, will be a Disaster Worldwide...