Jeremy Siegel Pegs Fair Value of the S&P 500 at 1,380

By on November 7, 2008

Henry Blodgett reports that Jeremy Siegel, Wharton professor, and part-time stock market prognosticator, believes the fair value on the S&P 500 is much higher than it stands now. Blodgett makes a point at showing how poor of a predictor Siegel has been in the past and pokes holes in this methodology. He also notes that most pundits who show above average skill at guessing the markets including Jeremy Grantham, John Hussman, Andrew Smithers, and Robert Shiller, reckon the S&P 500 is worth about 1,000.

Source:

http://www.clusterstock.com/2008/11/professor-jeremy-siegel-stocks-are-dirt-cheap

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Marker: S&P 500 @ 931
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