Thursday, January 31, 2008 11:55:42 AM
Hi Clive, Re: Relative Valuation....................
Here's the U.S. Relative Valuation as of the end of last week's data:
A similar tapering off of P/E but here in the States we're also seeing the reduction in shorter term interest rates. The dual effect has been to drop from very high risk to low risk now.
Best regards, Tom
Here's the U.S. Relative Valuation as of the end of last week's data:
A similar tapering off of P/E but here in the States we're also seeing the reduction in shorter term interest rates. The dual effect has been to drop from very high risk to low risk now.
Best regards, Tom
Port Washington, WI 53074
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