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COD_INTEREST_RATE_CUTS_102811. CHART OF THE DAY. Graphic shows that the price-earnings multiple of the Standard and Poor’s 500 Index of stocks is usually depressed when the inflation-adjusted yield on 10-year Treasury bonds drops below zero. This means possible interest-rate cuts worldwide may fail to lift stocks to higher multiples, according to Pierre Lapointe, Brockhouse and Cooper’s chief global strategist. Size: 3C X 4in. (146.0 mm X 101.6 mm) Available now.
-0- Oct/28/2011 16:44 GMT