Re: Basic correlations
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Find the correlation between stock returns when the earnings yield of the S&P 500 (E/P) is lower than the yield on the 10-year bond. First look at this data over the past ten years, then look at it over the past 50 years. You'll be able to prove why anyone who believes in the Fed model is foolish.
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How can I find this data? And could you elaborate on the fed bit?
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