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Oct 08 2013

Estimating Downside - October 2013

  • Oct 8, 2013

The S&P 500 gained 3.0% (price only) in September. Based on the valuation metrics presented in the table below, the S&P 500 has 9% downside to reach its historical average. The S&P Industrials (excludes Utilities and Financials) now has 22% downside to reach mean valuation.

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About The Author

Jun Zhu / Sr. Research Analyst & Co-Portfolio Manager