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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (1191)	5/8/2002 6:25:09 PM
From: Vitas	Respond to of 1487

>>When the T-Bill yield goes up, P/E's need to move down in order to be competitive with the T-Bill yield<< either that or t-bill rates going up means that demand for money is strong, the economy is healthy, and earnings will improve down the road to take care of the "E" in p/e

To: ajtj99 who wrote (1191)	5/8/2002 6:26:32 PM
From: TechTrader42	Respond to of 1487

Bond prices tend to move inversely to the market, AJ. You can see this, of course, in the charts for TYX (30-year T bond rates) and the market indexes. As you know, the bond prices move inversely to the yield (the interest rate). I thought today's movement in the TYX was to be expected, given the rally in the stock market.