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To: Real Man who wrote (157106)3/25/2002 5:57:50 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
I think the model was created in mid 90s to try to justify the prices at the time. Wasn't the model applied versus stock prices from 1982 onward, and is untested against periods with comparable low interest rates but lower valuations such as the 50s?



To: Real Man who wrote (157106)3/25/2002 6:12:07 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
Vi, Re: Fed model.

I love it when these guys use wall street analysts projection of earnings. One of these days this system is going to be exposed for what it really is - should be some fireworks.

Joan


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