Re: Whither the markets?
This is a serious question. So I will give a serious response.
The markets P/E based on inflation adj last 10 yr earnings is 25. Median is 16.5. So per this 51% overvalued.
Market p to e based on last 10 yrs 18. Median I think 14.5? So 20% overvalued.
Average is 35% of above two.
So fair value 100 means mkt 135.
Coukd drop 35. That is 25%. Or 470 pts in sno500. From 1870 to 1400.
But it could keep trundling along for next 3 to 5 years till earnings catch up.
I have detailed analysis in undervalued stock thread. Above is from memory.