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Stocks are more overvalued now than at 2000 and 2007 peaks -- Mark Hulbert

davfordavfor
in Off-Topic
"Ned Davis’s latest report focuses on something different: the median stock’s price/earnings and price/sales ratios."

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"To be sure, Davis isn’t turning outright bearish, since some of his shorter-term indicators are more positive. But, he says, the valuation indicators are leading him to change his stance closer to neutral: “Median price/earnings and price/sales ratios higher than at the peaks in 2000 and 2007 are clearly a concern.”"

See: Mark Hulbert

Comments

  • BobCBobC
    Perchance comparing apples and mushrooms? Average P/E on the S&P 500 today at 19, and 17 on the Dow. About where 2007 was, and P/E was not awful then. 2000 data, my guess is for S&P 500, not NASDAQ, which was where the majority of high-flying tech issues were located. I am not saying things are cheap now, but with the exception of a few crazies like Amazon, GE, Facebook, etc. others are not outrageous.
  • CharlesCharles
    Good grief.

    Just never stops.
  • Old_Skeet
    Hello everyone the P/E Ratio numbers for the S&P 500 Index, as reported in the WSJ, reflect that as reported earnings (TTM) are running at about 23 while forward estimates are at about 17. Folks, this amounts to a huge spread with earnings estimates running about 35% above what is actually being reported by companies. With this, from my perspective, stocks, in general, are expensive.
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