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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (155448)10/8/2008 6:29:26 PM
From: Night TraderRespond to of 306849
 
Thanks for your report - that was interesting.

Tobin's Q (adjusted to exclude financials) and Shillers 10 year average earnings both have good long term timing track records and both show S&P 500 to have fair (or at least equilibrium) value at 880:

smithers.co.uk

I think a lot of money would start flowing into the market at that point.

OTOH Previous lows like the early 80s are about half that.