EFTA Document EFTA01458248

eke: pereboos is a The bat; we," hrtatenent vntlr. liohts nisei-4as Twepectieti Pont* Heen4e*...ieuen 'does Low influence vie The misery index and equity-market valuations 1476 i 1 19* !WI la* 20:q ?V& 2011 • Muse eider ,^1.1f; aw,aF • SAP %C kePrt In*, Iftni Sow:* Teeerneon Reuters Destaetseten es of &la* Negatively correlated Unemployment and inflation are added together to form the misery index. History shows that valuations rise when the misery index falls and vice