Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (125782)	12/1/2002 1:57:02 AM
From: Jon Koplik	Respond to of 152472

My e-mail to Barrons : Date: Sun, 01 Dec 2002 01:49:46 -0500 To: editors@barrons.com From: Jon & Sharon Koplik Subject: Steve Leuthold / 12% inflation and 13% rates on the long bond I highly respect Steve Leuthold and his work over the years. But, his comment : "This time, however, we didn't get to the super-low valuations of 1973-74. After all, we don't have 12% inflation and 13% rates on the long bond like we had back then, either" ... is (I believe) mistaken. The 1974 -1975 cycle highs in various U.S. Treasury securities were as follows : (according to the December 1989 issue of "Market Perspectives" by the Pershing Division of Donaldson, Lufkin, & Jenrette Securities Corp.) 5-yr note ..... 8.63 % 10-yr note ... 8.04 30-yr bond ... no data (U.S. 30-year Treasury bonds were issued on a regular basis only beginning in 1977 as per : nber.org\2\%3C/a%3E ) The early 1980 interest rate cycle saw 30-year U.S. Treasuries at a peak yield of around 12 1/2 %. (And, the late 1980 - 1982 peak was slightly over 15%). Jon Koplik Naples,Florida