Here we go again: Analyst says S&P 500 overvalued by 40 percent

Based on the Friday close, if the S&P 500 lost 40 percent of its value it would close below its March low.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ac1KaPxa0Bso
http://www.bloggingstocks.com/2009/10/26/sandp-overvalued-by-40-according-to-economist-smithers/

«sigh»

 

Let's borrow some more money as a country, and then encourage consumers to do the same. That'll probably fix it.

That said, at any given time, there will always be an analyst who is willing to predict any conceivable change in the stock market. There will always be one projecting record losses, and there will always be one projecting ridiculous gains.

 

I don't believe analysts when they deliver good predictions or bad predictions.

 

It's the 80th anniversary of something this week.