>You mean the relationship between E/P and 10year treasuries, right?
Well, yes. Anyway, that tutorial ended with data up to year 2000.
I found data to year 2005, so this brings that stuff up to date ... sort of
The relationship between the E/P Ratios from Jan, 1970 to Jan, 2005 ... and the January 10year bond yield, it looks like so
The "best fit" straight line is: E/P = 0.9844 (Tbond)  0.0048
>So you'd expect P/E to be the reciprocal, eh?
Yes, we might expect a "fair" P/E value is 1 / [0.9844 (Tbond)  0.0048]
