ajtj99's Market Pulse

[Gizmo]

Interesting TP and regarding Spx. I have a similar view, up and down but going higher. 1100-1200 is where I think the tops will be made. Historically the Spx has bottomed when the yield is 6% and p/e 9-10 which would put it in the 500's.

Swenlin has good charts on valuation near bottom of page.

http://www.decisionpoint.com/TAC/SWENLIN.html

In my view the 90's were ridiculous in the way we overvalued stocks and it could take another ten years of consolidation before the next secular bull.