2004 Headlines
Dow Stays Fairly ValuedDJIA Continues Fairly Priced, But Could Become Undervalued Says Cornell Johnson School Analysis May, 2004, Ithaca, New York The Dow Jones Industrial Average remained fairly valued in April as the stock market continued to track sideways 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 again found the Dow average to be fairly valued as the stock market continues to hold in 2004," said Lakshmi Bhojraj, director of operations at the Parker Center. The Dow closed at 10,225.57 on April 30, down from 10,357.70 on March 31. 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 |
