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To: Box-By-The-Riviera™ who wrote (94238)4/14/2001 9:50:03 PM
From: pvz  Read Replies (1) | Respond to of 436258
 
I take it that Russell doesn't think much of Yardeni's valuation model, which considers the S&P somewhat undervalued relative to 10 yr Treasury yields: yardeni.com

I must say that even if Yardeni is correct, by his measure the market is so moderately undervalued compared to other periods that it is still more likely than not to fall quite a bit more.