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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Maloney who wrote (421681)8/25/2012 8:46:53 PM
From: Rarebird  Read Replies (1) of 436258
 
I wouldn't go that far. 775-800 on the S&P represents about fair value. Fair value meaning about a 10% annual return for the next decade. But markets tend to overshoot dramatically on the downside once declines take hold . That's why I say 555 on the S&P is a distinct possibility.
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