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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Mark Adams who wrote (4855)1/4/2000 7:50:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 5676
 
Mark, at 6,97% the ratio of bond yields vs. the S&P earnings yield would be exactly equal to the ratio just before the '87 crash. presumably asset reallocation could begin at that point, or maybe even earlier in view of the market's valuation.
and that's not even considering the Nasdaq which is discounting a cool 200 years of earnings.
European markets had a very bad day today...the NAZ surrogate in Europe, the HEX, crashed by almost 1,500 points, or 12%.

regards,

hb