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To: Bill Harmond who wrote (11679)5/22/2002 4:28:30 AM
From: stockman_scott  Respond to of 57684
 
Searching for Value in the U.S. Stock Market

Effect of the rising P/E ratio
What accounts for the rising P/E ratio?
A simple valuation model: stock as a "disguised bond"
Valuation with changing risk perceptions
Predicting the future
Conclusion
References

Federal Reserve Bank of San Francisco

frbsf.org