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

Discussion in 'Sports and News' started by 2muchcoffeeman, Oct 26, 2009.

  1. 2muchcoffeeman

    2muchcoffeeman Active Member

    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»
     
  2. RickStain

    RickStain Well-Known Member

    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.
     
  3. Ace

    Ace Well-Known Member

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

    NoOneLikesUs Active Member

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