2004 Headlines
Dow Stays Fairly ValuedDJIA Continues Fairly Priced, But Inches Toward Undervaluation Says Cornell Johnson School Analysis April 7, 2004, Ithaca, New York The Dow Jones Industrial Average remained fairly valued in March, even as the stock market lost ground during the month, according to proprietary analysis performed monthly by the Parker Center for Investment Research, an academic think tank and research institute housed at Cornell University's Johnson Graduate School of Management. "Our analysis found the Dow average inching toward undervaluation, but it remains fairly valued as the stock market continues to track sideways in 2004," said Lakshmi Bhojraj, director of operations at the Parker Center. The Dow closed at 10,381.70 on March 31, down from 10,583.92 on Feb. 27. The last time that the Dow was clearly undervalued was in September 2003, with a closing price of 9,275.06 on Sept. 30. For More Information |
