Posts filed under “Digital Media”
It has become commonly accepted that stocks are very expensive, overbought and perhaps even in a bubble.
JPMorgan Chase & Co.’s latest quarterly chart book (you can download it here) takes issue with those conventions.
As you can see from the chart above, U.S. equity prices closely match their long-term average price-to-earnings ratio of 15.5. That’s precisely at fair value if you are comparing it to the Standard & Poor’s 500 Index earnings-per-share average of analyst estimates for the next 12 months. Continues here
Markets/Investing: 25 Worst Quarterly U.S. GDP prints and future & stock market results @ReformedBroker @JLyonsFundMgmt what happens next is that the S&P500 is up 79% of the time in the year after pic.twitter.com/fVQ36vmDoI — marginal idea (@marginalidea) June 29, 2014 Coincidence? Valuation vs. sentiment. http://t.co/wlXgRjekK8 pic.twitter.com/JlmYssDONE — Meb Faber (@MebFaber) June 30, 2014 I found…Read More