Do the spreads between the E/P ratio and interest rates contain information on future equity market movements? [electronic resource] / Douglas Rolph, Pu Shen.

Article discusses the usefulness of the spreads between the E/P ratio of the Standard and Poor's 500 index and the yields on 3-month and 10-year Treasury securities as indicators of future market conditions.

Bibliographic Details

Online Access:	Full Text Online
Main Author:	Rolph, Douglas Streeter
Other Authors:	Shen, Pu
Format:	Electronic eBook
Language:	English
Published:	[Kansas City, Mo.] : Research Division, Federal Reserve Bank of Kansas City, 1999.
Series:	Research working paper (Federal Reserve Bank of Kansas City : Online) ; RWP 99-03.
Subjects:	Stock price forecasting > Econometric models. Interest rates. Electronic publications. Stock exchanges. Securities. United States.