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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (11555)	2/12/2001 3:53:17 PM
From: Trader X	Read Replies (1) \| Respond to of 12039

Market pricey? It's all relative to the interest rate environment. In a falling rate environment stocks can command higher p/e's because they compete better with diminishing yields. Bond rates are flirting with 30 year record low yields again, which one reason that stocks went ballistic 18 months ago. Fundies have their place. They set the backdrop for everything else. Lights. Action. Cameras!