I took a few minutes today to visit Ben Stein’s Yes, You Can Time the Market website. I’ve made it a habit to visit this site once a month to get a feel for the value of the market compared to it’s long term trend.
Three out of seven value indicators for the S&P 500 index indicated the market was undervalued at the end of September. This is relatively unchanged since we last looked in August.
The market seems to be in a holding pattern. My guess is that we will remain in this pattern at least until after the uncertainty of the presidential election is past us.