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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: studdog who wrote (6529)11/18/2001 11:28:36 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99280
 
Note that stocks held up very well on that interest rate surge. That probably reflects the fact that stocks were undervalued by the Fed model when the surge began and now are no more than fairly valued. But a further upsurge in rates will push stocks into overvalued territor very quickly.