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%.
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%.
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