Feb

9

Chair suggested this 2007 article of his (with Mr. Downing) on Dailyspeculations on the Fed Model (not the FRB/US econometric model) may be of interest to some.

Steve Ellison writes: 

12 month forward earnings estimate now: 87.63
Index close today: 1320.88
Forward earnings yield: 6.63%

Alex Castaldo adds:

Ten year Treasury yield: 3.662%


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