Henry Blodgett Writes That Stocks are Distinctly Cheap

By on February 18, 2009

Henry Blodgett was made famous for touting ridiculously overpriced internet stocks in the late 90’s. He’s now saying that stocks are priced for fairly good returns even though the S&P 500 could temporarily plunge to 600. Blodgett features Jeremy Grantham’s 7-year asset class return forecasts to bolster his argument. Grantham has demonstrated an uncanny knack for determining the future returns of various asset classes. Blodgett also provides a chart from Robert Shiller which indicates that stock values are mean-reverting.



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