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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (12804)7/16/2001 2:30:24 PM
From: Tommaso  Respond to of 78516
 
Well, the chart you pull up shows interest rates trending lower again in the last two months.

Here's the Fed publication I was referring to. If you enlarge the chart on the first page, it is quite startling.

stls.frb.org

The total return on inflation-adjusted bonds has been 12.48% for the past year in the TIAA fund--the highest of all the funds:

tiaa-cref.org

The year-to-date is even more impressive in comparison with other assets.

As I think I indicated, the correlation between the yields and the NASDAQ may be purely concidental.

But I do think that on the whole the NASDAQ is still likely to drop a great deal. Not many of the stocks are very good values and a great many are terribly overvalued according to any historically valid way of measuring value.