Market valuation looks like 2007 all over again: Economist

[5.56NATO]

With so many on Wall Street fighting over the valuation of stocks and worrying whether the market rally has gotten ahead of itself, one economist tells CNBC that prices in today's market look eerily similar to 2007.



Dan Seiver, editor of the Pad System Report and a professor of finance at San Diego State University, bases his long-term valuation model on Value Line's median appreciation potential, which he said has shown statistically to have predictive value of where the market is headed.

"Right now, that number is relatively low. It's down in the range that it was in 2007," Seiver told "Squawk on the Street" on Thursday. "That tells me that over the next few years, the returns on stocks aren't going to be particularly good and they could even be negative."


http://www.cnbc.com/id/100965728

[El Laton Caliente]

Gee... ya think?

The treasury bond is in trouble. Interest rate has doubled since March. It is at 2.84% today, over 5% and 100% of current taxes go to pay just the interest. The FRB has shot it's wad...

[Cypher]

Of course then when a Republican gets elected next year it will be all his/her fault.

[stinker]

Of course then when a Republican gets elected next year it will be all his/her fault.

Nonsense.

It's Bush's fault already, obviously.