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Thread: Market FV

  1. #1

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    Default Market FV

    According to Morningstar the universe of stocks they cover is slightly overvalued at 1.04. To put this in perspective, they had a ratio of -.85 (undervalued) in June 2012.

    Multpl has a current PE of 18.47 on the S&P, a bit above the median of 14.5. Keep in mind we never got much lower than 14 though at the 2009 nadir.

    This guy says US markets and bond markets are generally mid-overbought. Interesting how his charts show GLD still past the mid point of 40.

    I don't see an advantage to either the bulls or bears at this juncture.


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  3. #2

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    Default Re: Market FV

    Market generally fairly valued now at .99.

    At SPX 1525 I am a buyer.

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  5. #3

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    Default Re: Market FV

    Morningstar still calling for a slightly overvalued market after a 6% move down from the top. Currently reads 1.01 so better margin of safety awaits.

    Never got to 1525 like I was hoping in Summer 2013, but will buy again if we see a 1625-1650 on the S&P 500.

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  7. #4

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    Default Re: Market FV

    Quote Originally Posted by Bullitt View Post
    Morningstar still calling for a slightly overvalued market after a 6% move down from the top. Currently reads 1.01 so better margin of safety awaits.

    Never got to 1525 like I was hoping in Summer 2013, but will buy again if we see a 1625-1650 on the S&P 500.
    I might just join you when it gets down there finally, Bullitt.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  9. #5

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    Default Re: Market FV

    Morningstar calling for a slightly undervalued market, but a look at the big picture shows it's not a bargain. I would expect this to stay in the blue for a few weeks more, meaning, correction will take some time to work through.

    Capture.JPG

    Market Fair Value by Sector, Industry, Super-Sector, Index | Morningstar

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  11. #6

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    Default Re: Market FV

    According to Morningstar's stock universe, we just witnessed the best buying opportunity since the 2008-2009 bear market, though relatively speaking, the market remains undervalued.

    Is the market cheap or expensive? The chart below tells the story based on Morningstar’s fair value estimates for individual stocks.
    marketfv.JPG

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