TY - JOUR T1 - New Results on Stock Prices and Fundamental Value JF - The Journal of Investing SP - 67 LP - 69 DO - 10.3905/joi.2001.319453 VL - 10 IS - 1 AU - Douglas J. Lamdin Y1 - 2001/02/28 UR - https://pm-research.com/content/10/1/67.abstract N2 - 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. ER -