Dow 30 still overvalued even after Nike Releases its earning report

Even with Nike earning report that released Dec 18,2020, the Dow 30 index still overvalued compared to the Sam 30 index that I released in the previous post.

Dow 30 as Dec 21, 2020 Sam 30 as Dec 7, 2020Same 30 as Dec 21, 2020
30,061.09 22,495.92 22,571.28
Sam 30 compared to Dow 30 AS of Dec 21, 2020

As you can see above Sam 30 as of Dec 21, 2020 has jumped up as a result of increase in Nike stock value with 75.36 points but it still shows that Dow 30 is overvalued since the difference between the two is 7,489.81 points for the Dow 30.

And as discussed in the previous blog when I explain Sam 30 and how it works with Dow 30, when Dow 30 is greater than Sam 30 then it means that Dow 30 is overvalued, and when Dow 30 is less than Sam 30 then Dow 30 is undervalued, and when they are equal then that means the market is has fair value.

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