Last Updated September 5, 2013
I’ve just put together a little graphic of the market’s current valuation and a 7 year forecast of future returns, a la GMO. I do this every month so I can see where we are and what may lie ahead. Enjoy, and please note that the forecasts are total returns and therefore include dividends. The yield is currently about 3.5% so my index level (price) forecasts are about 3.5% less than in the table.