Replies to post #27682 on Profunds index and sector trading (PRO)

[was Steve]

it depends how many years it takes

[Gizmo]

Correction. Did a search for data on the historical range.

Decision Point probably has the best review of the subject. PE of 10 is undervalued. 15 is considered fair value. Often when the ratio exceeds 20 during the correction process stocks become undervalued at 10. http://www.decisionpoint.com/TAC/SWENLIN.html