SPY
Happy 8th Birthday Bull Market! Has the S&P 500 Become Dangerously Overvalued?
2017-03-10
Research Articles, Uncategorized
Introduction According to an article in Quartz today, March 9, 2017, marks the 8th birthday of the US bull market which started on March 9, 2009. According to the article, this is the 2nd longest and 4th strongest bull market in history for the S&P 500. However, before we celebrate too excessively, we should pause […]
The Shiller PE Continues to Mislead Investors, The S&P 500 Is Fairly Valued in Early 2013
2013-01-15
Allow me to start this article by emphatically stating that I have a real problem with forecasting stock markets in the general sense. Instead, I prefer to forecast the intrinsic values of individual businesses based on their earnings justified fundamental values. I hold this position because I believe that it is not only possible, but […]
S&P 500: Modestly Overvalued
2010-01-06
After a strong price recovery in 2009, the question on every investor’s mind is what about 2010? To us, it’s always a function of valuation based on earnings. In fact, the correlation between earnings and price explains a lot about past, present and ultimately future performance. This is true for individual companies, but applies to […]