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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (16911)	10/22/2002 9:17:37 AM
From: Wyätt Gwyön	Respond to of 42834

I don't know too many who think that this market is reasonably priced (unless you're using the fed model and does anyone really do that?) well, you must not pay attention to market strategists, the highly paid fools who give astrology a bad name. most of these idiots try to justify today's prices (and much higher prices) based on a comparison to the 10yr Treasury. but there is no historical correlation between bond yields and stock returns--the entire Fed model is built on data mining over the last couple decades. go back farther in time and the supposed positive correlation is actually a negative correlation. and then there's Japan, where history's lowest interest rates have not helped stocks much.