NY Minutes: Valuation and Deflation -- No Elation

http://www.trendmacro.com/system/files/reports/20020904TrendMacroLuskinGitlitz-S2.pdf
Donald L. Luskin
David Gitlitz
Wednesday, September 4, 2002
We didn't meet one bull on Wall Street last week, yet equity values are attractive and deflationary pressures are under control.