Shiller: Stocks fairly valued but could “go down a lot”

By Prieur Du Plessis
14 July 2009 @ 08:30 am EDT

With the S&P 500 Index after yesterday's surge again slightly above the "neckline" (of the head-and-shoulders formation referred in a post last week), I will be monitoring things very closely over the next day or two to see if the impressive bounce was just a one-day wonder or something more enduring.

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