Earnings Growth: For Q3 2017, the estimated earnings growth rate for the S&P 500 is 4.2%. Eight sectors are expected to report earnings growth for the quarter, led by the Energy sector.
Earnings Growth: For Q3 2017, the estimated earnings growth rate for the S&P 500 is 4.2%. Eight sectors are expected to report earnings growth for the quarter, led by the Energy sector.
S&P 500 LTM EPS still below 9/30/2014. Some growth rate Earnie!
https://mises.org/blog/yellen-economy-may-be-weaker-we-thought
False. The number for 3Q2017 is a record high.
Fact checker wrote:
False. The number for 3Q2017 is a record high.
Your are false. LTM means last 12 months.
Yet your number doesn’t include 3 of the last 12 months. Mine does.
The S&P spent most of the week slowly climbing and opened Friday just below its record close. The index closed with a daily gain of 0.37% and a week-over-week gain of 0.68%. The index is up 12.53% YTD and closed September at another all-time high.
Fact checker wrote:
Yet your number doesn’t include 3 of the last 12 months. Mine does.
You are an idiot. Do you even know what 3Q means? Let me tell you ignorant one. July 1st thru September 30th is 3Q or Third Quarter. Tell me, since today is September 30th how could you have 3Q EPS?
Only because you are a fool.
Uh, the markets are closed today.
Hello, McFly! wrote:
Uh, the markets are closed today.
Right. You and Fact Checker ought to get together to contemplate your navels.
And you may want to get together with that guy upstream who thinks earnings yield is EPS. Maybe between the two of you there might be half a brain.
...and you with the guy that thinks there is growth in S&P 500 EPS since 9/30/2014....
Hello, McFly! wrote:
And you may want to get together with that guy upstream who thinks earnings yield is EPS. Maybe between the two of you there might be half a brain.
No thanks. You may be into that all male threesome thing, but I don’t swing that way.
I just read that the SP500 has risen for 8 straight quarters.
Anyone want to guess during how many of those quarters the SP500 was 'overvalued?'
I'm going with 8, but maybe I'm wrong.
Dumb question...
when we see the average P/E for the market as a whole, is that weighted by market cap? I ask because I wonder if it's only the FANG stocks that have fuelled the long rally that make the market appear expensive, and if we took those out, does the rest of the market look more normal?
agip wrote:
I just read that the SP500 has risen for 8 straight quarters.
Anyone want to guess during how many of those quarters the SP500 was 'overvalued?'
I'm going with 8, but maybe I'm wrong.
It should be expected from the most overvalued stock market ever.
Igy
original idiot investor wrote:
Dumb question...
when we see the average P/E for the market as a whole, is that weighted by market cap? I ask because I wonder if it's only the FANG stocks that have fuelled the long rally that make the market appear expensive, and if we took those out, does the rest of the market look more normal?
Good question, but the median stock valuation is the highest ever. However lately a small number of highly valued stocks have been fueling the rally.
Ghost of Igloi wrote:...the median stock valuation is the highest ever.I can't tell whether that answers my question about average P/E...?
Answer: The S&P 500 and NASDAQ are market cap weighted indexes. The Dow Jones Industrial Average is not.Question: I ask because I wonder if it's only the FANG stocks that have fuelled the long rally that make the market appear expensive, and if we took those out, does the rest of the market look more normal?Answer: Yes, but even value stock valuations have been driven above historical norms in investor's reach for yield by buying high dividend payers. Corporations in turn have borrowed money at low rates to buy back stock and increase dividend parity.
original idiot investor wrote:
Ghost of Igloi wrote:...the median stock valuation is the highest ever.I can't tell whether that answers my question about average P/E...?
Interesting note:
The financial crisis started ten years ago. Can you believe it? The market peaked this week in October 2007 and fell for fifteen months, eventually losing around 38% of its value.
Two interesting things.
If you put all your money into the SP500 ten years ago, at the peak, just before a cataclysmic financial crisis...now, ten years later, you would have made a solid 7.33% per year, more than doubling your money. That is, even if you had the worse timing possible, you did well. Think about that when you make your investment decisions.
The other thing is that ten year returns are about to get much better - be wary of mutual fund companies focusing on 10 year records.
I guess the question one should ask is whether you think the next ten years will be anything like the last. Perhaps the next ten years will be closer to 3/2000 through 3/2010 where the S&P 500 lost 3% per year.