Median
Dec
06
2013
Valuing The “Typical” Stock
Current median valuations are almost identical to those seen at the bull market highs of March 2000 and October 2007.
Dec
04
2002
Valuations…..Most Bear Markets End Around Median P/E Levels
Earnings are rebounding strongly. S&P operating earnings estimates are up 21% from 2001 to 2002, and up 23% from 2002 and 2003. Severe cost cutting may not be fully factored into analyst estimates. Look for upside earning surprise.
Jan
07
1998
Are Today's Mutual Fund Investors Different?
Over and over we hear and read that today’s mutual fund investors are different. They are truly long term investors saving for retirement.
Mar
05
1995
Regressing to the Median Equity Returns: Are We There Yet?
Our studies suggest we still have some further regression before returning to median returns. Looking out to a 3-5 year horizon, we expect equity returns to lag historical averages as returns regress further toward normal long term (10 year) performance.
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