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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,952.81
(
-0.60%
)
Post# of 37180
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Gizmo

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Gizmo

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Re: husk post# 27670

Thursday, 02/17/2005 7:13:13 PM

Thursday, February 17, 2005 7:13:13 PM

Post# of 37180
Cash/Short. S&P PE ratio is near 21%, grossly overvalued by historical standards. I would buy and hold again if we return to historical valuation of 10.

I'd rather not trade... too time consuming, But I'm not about to buy an overvalued asset with a low probability of much appreciation for a long term investment. All IMO and I guess we'll know soon enough whether it's different this time and PE's can expand further.

Gizmo...


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