[OPE-L:5400] Re: Re: Re: the bursting bubble and the U.S. working class

From: Allin Cottrell (cottrell@wfu.edu)
Date: Mon Apr 23 2001 - 17:07:21 EDT 

On Mon, 23 Apr 2001, Paul wrote:

> > I hypothesized that in equilibrium the Dow ought to be
> > proportional to the value of an annuity defined as the value of
> > after-tax corporate profits divided by a suitable long-term interest
> > rate....

> Did you take a constant rate of interest or the long run money
> market rate?

I took the 10-year Treasury bond rate for each quarter.

Allin.

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