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    • Will The Market P/E Ratio Revert Back to Average? 

      Irons, Robert; Weigand, Robert A. (Washburn University. School of Business, 2006-01-1)
      We show that the way investors use the "Fed Model" to benchmark the earnings yield on stocks to the 10-year T-note yield has resulted in these two series becoming cointegrated over time. The market earnings yield and its ...