SP500 PE Ratio is Now at 723!

boosted · 07-30-2009, 03:46 AM

"Today with 53% of companies' results reported for the 2nd quarter 2009 the Operating PE is surprise, surprise "only" at 22.87. So according to CNBC and Wall Street the S&P 500 is fairly valued so please ignore reality, live in denial and BUY!!! Unfortunately the reality shown by the as reported PE is a truly mind blowing 723. I repeat 723, the previous all time high was 46"

http://www.safehaven.com/article-14045.htm

P-SPEC · 07-30-2009, 11:13 AM

lollerskates....i've had my money sitting in cash since i got out of oil a while back.....i'd rather take my money to the craps table then put it into the market right now.

i'm either going to invest in more severely depressed real estate in my region or invest the money in a business idea i've been working on. The equities market is basically a glorified carnival game right now.

07-30-2009, 03:46 AM	#1
boosted Moderator Join Date: Jul 2002 Location: Bangkok, Thailand Posts: 13,716	SP500 PE Ratio is Now at 723! "Today with 53% of companies' results reported for the 2nd quarter 2009 the Operating PE is surprise, surprise "only" at 22.87. So according to CNBC and Wall Street the S&P 500 is fairly valued so please ignore reality, live in denial and BUY!!! Unfortunately the reality shown by the as reported PE is a truly mind blowing 723. I repeat 723, the previous all time high was 46" http://www.safehaven.com/article-14045.htm __________________

07-30-2009, 11:13 AM	#2
P-SPEC Moderator Join Date: Jul 2002 Location: bewbs Posts: 25,199	lollerskates....i've had my money sitting in cash since i got out of oil a while back.....i'd rather take my money to the craps table then put it into the market right now. i'm either going to invest in more severely depressed real estate in my region or invest the money in a business idea i've been working on. The equities market is basically a glorified carnival game right now. __________________ VictorTylinski's Gamercard

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)