"Wide range of possibilities at all valuation levels"

Submitted by Schroeder on Mon, 2008-01-28 22:48.

General Hocomania

I guess hocus didn't realize that he admitted to a major flaw in his New School methodology . . .

Quote:

The historical data shows that there is a wide range of possibilities at all valuation levels, not just for those from P/E10 of 15 to P/E10 of 20. Valuations are the single most important factor; they are not the only factor.

This is quite an admission, hocus. Don't you see that this serves to undermine the validity of JWR's calculators?

This "wide range of possibilities" describes why statistical tests, like r^2, show that the historical data does not support the kinds of conclusions regarding SWRs that you and JWR espouse.

LINK