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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (35061)	8/9/2009 10:31:52 PM
From: Spekulatius	Read Replies (1) of 78743

The SPY earning estimates for Y2009 are about 50$. At a current value of 1000 points that is a 20x PE. this is not cheap Y2010 estimates are anyones guess - the highest I have seen is 75$ which implies a strong turn of the economy. I think a value of 60$/SPY500 is more realistic. Based on that we have 16.7PE - not cheap either but also not terrible expensive. Given the uncertainties with respect to the economy and the loss of investors confidence (which could lead to rapid selloffs, imo) I consider the market as a whole somewhat overvalued.

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