PT  - JOURNAL ARTICLE
AU  - Douglas J. Lamdin
TI  - New Results on Stock Prices and Fundamental Value
AID  - 10.3905/joi.2001.319453
DP  - 2001 Feb 28
TA  - The Journal of Investing
PG  - 67--69
VI  - 10
IP  - 1
4099  - https://pm-research.com/content/10/1/67.short
4100  - https://pm-research.com/content/10/1/67.full
AB  - The S&P 500 Index is valued using the discounted dividend model, corrected for share repurchases. Under more optimistic, but not unreasonable assumptions, the S&P 500 index is not overvalued, and therefore may reflect underlying fundamental value.