Morningstar fair value tells that after a long period of underpricing (see 10 years interval for comparison) now the market is not yet overpriced. Its behavior is specular to the prolonged very high value of the dix, that in fact is now slowly turning to its long time mean, in accordance to the observations in my study.
Hi Renato. It's always a pleasure to read your articles.
https://www.morningstar.com/market-fair-value
Morningstar fair value tells that after a long period of underpricing (see 10 years interval for comparison) now the market is not yet overpriced. Its behavior is specular to the prolonged very high value of the dix, that in fact is now slowly turning to its long time mean, in accordance to the observations in my study.