excerpt from this week's report*:
"The traditional method of fundamental analysis implies a market that is substantially undervalued. Even under a strong recessionary scenario of 12.5 times $72 (= 900), the current S&P 500 price produces a positive return. Only a deflationary scenario puts the current market level at overvalued."
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Posted
10-27-2008 10:34 AM
by
Vinny Catalano, CFA