S&P 500 Index Fundamentals
As of Q1 2009, here’s where S&P 500 stands, according to Standard & Poors web site (I wonder why there’s no 2008):
P/E ratio is north of 60, price to book value 2+, dividend 3.143%.
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"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." Robert Frost
As of Q1 2009, here’s where S&P 500 stands, according to Standard & Poors web site (I wonder why there’s no 2008):
P/E ratio is north of 60, price to book value 2+, dividend 3.143%.
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Very overpriced given the metrics provided. Markets pricing fute earnings growth is propaganda I just don’t “Buy”. Inflation trade not here yet. The bubble will pop.
Dividend isn’t that bad, but everything else says “overpriced”.
Can it hold up, move sideways, until the inflation trade kicks in and balances out the earnings?
in addition to index funds, I am checking out long-short funds like this one from Bull Path. do you know anything about them? http://ratenerd.com/long-short-hedge-fund-now-mutual-fund-1456