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otraque

06/15/03 2:49 AM

#119502 RE: Ace Hanlon #119469

I know that GC, what i do not know; when was the equity markets wildly bullish and the Bond market also--that is at the SAME time.
On a P/E level we are in genuinely, beyond conprehension overvaluation, regardless of interest rates(as one fellow said if you went by that model, equities could go to infinity; low interest rates can not justify a wildly overvalued equity market, it is ONLY a hollow excuse,imo)
So simultaneously with this we have bonds dangerously high(that is in terms of buying them now).
I say time i look away from the U.S. entirely, if wanting to decide to just give up this wait, may look to Royal Bank of Scotland preferred or Abbey preferred again---i used them to hole up my money for over a year once.
From early 2000 to summer 2001 i had near all in 10-year treasuries and the above noted preferred---should have just left it there:) Godfrey/max

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otraque

06/15/03 4:27 AM

#119505 RE: Ace Hanlon #119469

I got this data, in 1953 the SPX500 was undervalued by about 25% with the interest rates at about the present level on bonds, but now we are roughly 39% overvalued(that is a divergence of roughly 64% in SPX evaluation from 1953/54 to the present).
Makes no sense.
We are simply playing out AGs manipulation and wild gambling to alter ALL history to his sense that he can run the world on virtual monopoly game money.
The financial markets are now shattering ALL historic precepts of evaluation and just hoping they get away with it.
FASCINATING:)
We are now in a state of extreme market overevaluation with bonds sky high simultaneously that as best i can tell has never even been close to being approximated in U.S. history.
Now this is getting interesting, for sure.