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To: benwood who wrote (178167)7/8/2002 6:34:31 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
the model is based on 10yr not short rates... has nothing to do with the Fed lossening or tightening



To: benwood who wrote (178167)7/8/2002 6:40:46 PM
From: LLCF  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. >

LOL, the market will be worth infinite before this is over. NFG

DAK


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