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Likely S&P 500 Bottom: 600, Down 40% From Here

Abnormal Returns found this 11/3/2008 on clusterstock.com

GranthamS&Pprofitmargins.png The good news: The S&P 500 is trading near fair value. The bad news: If the current post-bubble low follows previous post-bubble lows, the S&P 500 will probably bottom around 600. First things first, however: Long-term investors can feel better about buying US ...