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Market Watch ^ | 21 January 2016 | Brett Arends
Hard to believe, but the Dow Jones Industrial Average DIA, +1.38% could fall by another 1,000 to 5,000 points and still not be “cheap” compared with long-term stock-valuation measures. That’s the stark conclusion from an analysis comparing current stock prices to underlying measures such as per-share revenue, earnings and corporate net worth....
Hard to believe, but the Dow Jones Industrial Average DIA, +1.38% could fall by another 1,000 to 5,000 points and still not be “cheap” compared with long-term stock-valuation measures. That’s the stark conclusion from an analysis comparing current stock prices to underlying measures such as per-share revenue, earnings and corporate net worth....