Some fundamental reasons why the top is in

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.

 

Instead of looking at earnings, look at revenues. They tell a different story.

 

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.

 

We are short the YM mini DJIA contract. How are you doing, Artie, long time no chat.

surf

 

Very good point, Ash. Thanks! surf

 

What was that entry price again?

 

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

 

*crickets chirping*