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To: Lucretius who wrote (178133)	7/8/2002 3:52:12 PM
From: Box-By-The-Riviera™	Respond to of 436258

yeah, putting his faith in Houdeni the shrill voice of chicken little for Y2kash and Karry.

To: Lucretius who wrote (178133)	7/8/2002 4:45:03 PM
From: benwood	Read Replies (2) \| Respond to of 436258

The main problem with Yardeni's model is that if you pushed interest rates further down, it would indicate a greater undervaluation for stocks regardless of the further systemic risks created by such a loosening. Most models work well in normal times; it's the endpoints & singularities that simply are not covered well (same as meteorological models).