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860 - according to Jeremy Grantham.
The following excerpt starts at the bottom of page 4 of his newsletter (free, see link below): "Fair value on the S&P is now about 860 (fair value has declined steadily as the accounting smoke clears from the wreckage and there are still, perhaps, some smoldering embers). This places today’s market (October 19) at almost 25% overpriced, and on a seven-year horizon would move our normal forecast of 5.7% real down by more than 3% a year." http://www.gmo.com/websitecontent/JGLett... Rating :
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I for one think it should be around 900-950 and that is...
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h3orbust |
 
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4-Nov-09 04:05 pm | ||
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I let the market determine that for me. I get bit ...
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dunrunnin2 | Rate it | 4-Nov-09 04:10 pm | ||
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I don't fall for the conspiracy - manipulatio...
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h3orbust | Rate it | 4-Nov-09 04:13 pm | ||
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The old saying is 'the trend is your fri...
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dunrunnin2 | Rate it | 4-Nov-09 05:08 pm | ||
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Yes, and the new trend is down.
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bobdark4925 | Rate it | 4-Nov-09 07:35 pm | ||
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what term trend are you referr...
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nomead@ymai... | Rate it | 4-Nov-09 07:37 pm | ||
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Just curious. Do you know the ...
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dunrunnin2 | Rate it | 4-Nov-09 10:47 pm | ||
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There is no right range - has the market ever held...
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megawavez | Rate it | 4-Nov-09 11:32 pm | ||
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Re: What is the right range for the S&P?
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jad1148 | (1 Rating) | 5-Nov-09 04:14 am |
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