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S&P 500
5,815.03
(
0.61%
)
US TECH 100
19,742.80
(
0.04%
)
Dow Jones
42,863.86
(
0.97%
)
Brent Oil
77.66
(
0.25%
)
Bitcoin
64,512.89
(
2.65%
)
Post# of 704019
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Sherlock356

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Sherlock356

Re: ajtj99 post# 60126

Monday, 12/30/2002 6:26:18 PM

Monday, December 30, 2002 6:26:18 PM

Post# of 704019
Anyone want to elaborate on this data? (reposted)

"Right now, the S&P 500 earnings yield is 3-times the short term treasury yield, which is the highest going back 20 years. [This means stocks are cheap relative to bonds.]

At the market bottom in 1982, this ratio peaked at 1.50--so we are twice as undervalued relative to bonds as in 1982.

Important market tops such as 1987 yielded ratios of .70, while in 2000 it scrunched down to .50 before the bear market took over." Are stocks far cheaper relative to bonds than at any time in recent history?

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