Originally Posted by
Bozo the pilot
Yup- start thinking 18K in the next 2 or 3 weeks. Dont buy yet. Wait for it Billy Ray...
There is actually a technical forecast based on science that says we are headed much lower on the S&P.
Shiller P/E – A Better Measurement of Market Valuation
Date: Sun, 15 Mar 2020 18:06:52 -0500 (Updated every 10 minutes) Shiller P/E: 26 (+ 9.287%)
Shiller P/E is 52.8% higher
than the historical mean of 17
Implied future annual return: 0.2%
Historical low: 4.8
Historical high: 44.2
S&P 500: 2711.02
Regular P/E: 20.4 (historical mean: 16.1)Prof. Robert Shiller of Yale University invented the Schiller P/E to measure the market's valuation. The Schiller P/E is a more reasonable market valuation indicator than the P/E ratio because it eliminates fluctuation of the ratio caused by the variation of profit margins during business cycles. This is similar to
market valuation based on the ratio of total market cap over GDP, where the variation of profit margins does not play a role either.
GuruFocus calculates the Shiller P/E ratio of individual stocks and different sectors. Here you can see the
Sector Shiller PE, it shows you which sectors are the cheapest. Here you can see
Shiller P/E of individual stocks.