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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (96750)7/21/2002 7:50:32 PM
From: Les H  Read Replies (1) | Respond to of 99280
 
the model is just a political toy. one could just flip it around, and claim it's a model of the current fed's behavior in trying to goose the market over the last ten years. there's a better correlation between changes in the treasury bill yield and the market. since both the t-bill and the market's earnings and dividend yields are all below the U.S. inflation rate of 3-6 percent, i doubt the usual relationships will work.


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