Current Shiller PE Ratio: 29.94 +0.13 (0.43%)
11:48 am EDT, Fri Jun 9
Mean: 16.76
Median: 16.12
Min: 4.78 (Dec 1920)
Max: 44.19 (Dec 1999)
Shiller PE ratio for the S&P 500.
Current Shiller PE Ratio: 29.94 +0.13 (0.43%)
11:48 am EDT, Fri Jun 9
Mean: 16.76
Median: 16.12
Min: 4.78 (Dec 1920)
Max: 44.19 (Dec 1999)
Shiller PE ratio for the S&P 500.
Ghost of Igloi wrote:
Current Shiller PE Ratio: 29.94 +0.13 (0.43%)
11:48 am EDT, Fri Jun 9
Mean: 16.76
Median: 16.12
Min: 4.78 (Dec 1920)
Max: 44.19 (Dec 1999)
Shiller PE ratio for the S&P 500.
Thank you!
Run for the hills, the meltdown is upon us!!!
mellon is moving his cash off the sidelines:
Ghost of Igloi wrote:
Latest forecast: 3.0 percent — June 9, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 3.0 percent on June 9, down from 3.4 percent on June 2. The forecast for second-quarter real GDP growth fell from 3.4 percent to 3.1 percent on June 5 after the U.S. Census Bureau's manufacturing report and the incorporation of motor vehicle sales estimates released by the U.S. Bureau of Economic Analysis on the prior business day. The forecast of the contribution of inventory investment to second-quarter growth declined from 0.87 percentage points to 0.77 percentage points after this morning's wholesale trade report from the Census Bureau.
The next GDPNow update is Wednesday, June 14. Please see the "Release Dates" tab below for a full list of upcoming releases.
This is actually very good news. Yes, the projection has gone from 'great' to 'very good', but I don't know anyone who wouldn't be thrilled with 3% growth.
Quarter started at 4.4%, so not so good news. You should know that "Investment Advisor."
What we both know is that these estimates are always revised downward. After all, they are estimates. 3% is very good.
Not true at all. By nature of the composition Atlanta Fed GDP Now can just as easily be revised up.
ldhouga wrote:
I bought the FANG stocks on the dip today. At the rate they have been going I think I can double my money in a year.
Your trade isn't working out today.
Ghost of Igloi wrote:
Not true at all. By nature of the composition Atlanta Fed GDP Now can just as easily be revised up.
Of course it could be (by definition), but the reality is that long range estimates are typically more optimistic than their short range counterparts. It's the nature of the beast not to mention mathematically expected.
OK, good job.
As of today (with 99.6% of the companies in the S&P 500 reporting actual results for Q1 2017), 75% of S&P 500 companies have beat the mean EPS estimate and 64% of S&P 500 companies have beat the mean sales estimate.
mellon wrote:
agip wrote:new highs for just about every kind of stock
small, mid, large, tech, etc.
starting to feel like a meltup - just relentless buying.
Now come on! Don't be hollering YIPPIE or you're going to get criticized by somebody.
I guess you may have spoken too soon.
YIPPIE!
Ghost of Igloi wrote:
mellon wrote:Now come on! Don't be hollering YIPPIE or you're going to get criticized by somebody.
I guess you may have spoken too soon.
YIPPIE!
How can one speak "too soon" if it's AFTER the new highs have been established. It's history, not a prediction.
Good thing you said that. I thought my FANG stocks would never come back.
I say buy the FANGING DIP!
Ghost of Igloi wrote:
I did well on FANG. Thought I would balance my high flyers with losers. I picked up positions in ACE. What is ACE? APC, CHK and ECA. Beaten down oil stocks. Down 30% so far this year.
ACE, I think that is the new FANG. At least a balance.
Am I diversified?
You are an idiot.
Ghost of Igloi wrote:
I guess you may have spoken too soon.
YIPPIE!
That's where you show your stupidity. You cream your jeans over a 1 or 2 % drop and claim it's a major correction
Sounds like you had a bad day.
Mellon wrote:
Ghost of Igloi wrote:I guess you may have spoken too soon.
YIPPIE!
That's where you show your stupidity. You cream your jeans over a 1 or 2 % drop and claim it's a major correction
What drop? The Dow was up about 90 points today.
Ghost of Igloi wrote:
mellon wrote:Now come on! Don't be hollering YIPPIE or you're going to get criticized by somebody.
I guess you may have spoken too soon.
YIPPIE!
Why are you saying this to me? I didn't say anything about what the market was doing. All I did was caution somebody about bragging about it because you would be all over it. Which you were!!
Like always, chopping at the bit for some kind of negative move in the market. You've been waiting for 2 1/2 years. Or probably since the OP.