Where’s the value? Some of the best indicators of the stock market aren’t encouraging
ByEveryone wants to know when the stock market, after its recent declines, will be a good value again.
The sobering news is that even at its lowest point in mid-May, the S&P 500 index wasn’t even close to being undervalued according to any of eight valuation models that my research shows have the best long-term track records.
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