http://pragcap.com/the-market-is-overvalued-by-40 Mon, 15 Mar 2010 18:50:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://pragcap.com/the-market-is-overvalued-by-40#comment-7780 jt26 Sat, 24 Oct 2009 16:56:59 +0000 http://pragcap.com/?p=11463#comment-7780 Really? If I just take a diversified bellweather, say HPQ (consumer, business, h/w, services, no unusual adjustments for balance sheet, near-term performance is GDP related etc.) its adjusted P/E is 14, its P/[adjusted op cash flow}~11. I guess it must be all those bank stocks which are, of course, overvalued by 100000000% .. I guess you get 40% for the SP500 when you do a market cap or geomtric average! Really? If I just take a diversified bellweather, say HPQ (consumer, business, h/w, services, no unusual adjustments for balance sheet, near-term performance is GDP related etc.) its adjusted P/E is 14, its P/[adjusted op cash flow}~11. I guess it must be all those bank stocks which are, of course, overvalued by 100000000% .. I guess you get 40% for the SP500 when you do a market cap or geomtric average!

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