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augieboo

07/12/03 5:07 PM

#129414 RE: Zeev Hed #129403

Zeev, unfortunately I only have Treasury data back to 1953, but I gave it a try anyway and I think I see your point. (:

It's interesting that the "Risk Free" PE actually crossed ABOVE the S&P PE recently, no?

Here's the chart. (Note that it only goes through April of 2003. Professor Shiller hasn't updated his website lately.)