Some fundamental reasons why the top is in

Quote from Ash1972:

Does anyone realise <b>how much</b> the economy needs to grow in order merely to catch up with where the stock market is right now?

We would need pre 2007 Chinese growth figures.
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Why do you say that?

A PE of 16 isn't reasonable for the SPX?

When we were at 1500ish in 2007, the nominal earnings in the SPX were 75. Today it's closer to 100.
 
Quote from newwurldmn:

Why do you say that?

A PE of 16 isn't reasonable for the SPX?

When we were at 1500ish in 2007, the nominal earnings in the SPX were 75. Today it's closer to 100.
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A P/E of 21 is not unusual either. There was still a crash.
 
I looked up the revenues. They are higher today than 2007 albeit modestly.

I'm saying that things aren't as frothy now as they were then at least from a quantitative metric.
 
Quote from Lucrum:

You remember all those threads we've seen over the years where someone gets into a position that moves way against them? Then they start posting every "reason"/rationalization they can find that "proves" they'll be right ultimately?

That's what this thread is all about.
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Likely as not price is going up for a retest

We shall see if it holds or not

This thread - ????

RN
 
This pathetic attempt at self-promotion can now be laid to rest along with the journal.

Dow Jones Industrial Average
Dow Jones Indices: .DJI - 18 Jul 10:12am ET
15544.66+74.14 (0.48%)

Open 15465.91
High 15552.70
Low 15465.91
 
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