Faculty News

Professor Aswath Damodaran shares his reactions to the recent U.S. stock market rally

Bloomberg logo
Excerpt from Bloomberg -- "The case for today’s valuations is that corporate profits will snap back as the economy reopens and that the Fed will continue to keep interest rates low, spurring growth and making stocks look attractive in relation to interest-earning securities such as Treasury bonds. NYU’s Damodaran says the S&P 500 is probably fairly valued at 2,900 to 3,000 based on projected earnings, interest rates, and other factors, but its current level of about 3,200 is 'not so wildly inconsistent where you’d say it makes no sense.'”

Read More