标题: fed and yardeni [打印本页] 作者: LPoulin133 时间: 2011-7-11 19:49 标题: fed and yardeni
these are the same with respect to the markets being under/overvalued depending on whether the SP Earnings yield is higher or lower than the Fed Model bond return and the Yardeni return right?
Fed Model gives LT Bond at 5%, SP 500 Earnings at 2 %. Equities are overvalued. If the Yardeni Model yields 5% and SP 500 Index is yielding 2%, equities are also overvalued correct?作者: cityboy 时间: 2011-7-11 19:49
This is correct Skip作者: mp3bu 时间: 2011-7-11 19:49
why it has to be equity being overvalued? maybe bonds are undervalued and equity properly valued...who said bond investors are right by default?
