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Strategies & Market Trends : NeuroStock -- Ignore unavailable to you. Want to Upgrade?


To: Len Giammetta who wrote (136)10/2/1998 11:36:00 AM
From: Len Giammetta  Respond to of 805
 
<Off Topic> More interest rate cuts?

As interest rates go down, the true value of stocks goes up. Two months ago, the interest rate on the 10-year Treasury bond suggested a Dow worth around 6500 (see my column of Aug. 7); today, assuming no collapse in p/e's, that number has risen to 7250.