Up again this morning (NZ time) things looking good, 2500 here we come.
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Up again this morning (NZ time) things looking good, 2500 here we come.
that's very clever Hoop
I get the impression the the bullish/bearish sentiment number is rather a reaction as to where the market has recently gone - lagging activity if you get what I mean.
Eye-balling the chart sentiment turns after the market turns or gains/losses slow down (either way)
Suppose sort of behaviour you would expect - with markets at reord highs at the moment most are bullish eh
Nice looking chart - what can go wrong
Well done
An ancient (8 year old) bull (second oldest bull in S&P history) achieving a best record run in a quarter century.....Sharemarket theory and DOW theory recommends an Ambulance should be deployed immediately.. travel at high speed to keep up with this raging geriatric demented** bull so to be immediately available to assist when the old fella suffers a coronary arrest and goes balls up.
Demented**.....Shiller P/E currently at 29.3...the last 140years it has only been higher twice 1929 (32.6) and 1997-2001 (43.2)..all the other high P/E crashed the stockmarket around 25
With Shiller P/E at 29.3 the calculations say (see box below) that if it takes 8 years to revert back to the mean (16.7) there will be implied future annual return of -1.6% over that 8 years....
Quote Gurufocus In reality, it will never be the case that Shiller P/E will reverse exactly to the mean after 8 years. Table below give us a better idea on the range of the future returns will be if the market are within 50% to 150% of the mean.
So the deduction from my above post...The more S&P rises (PE) from this point, the higher the implied future return deficit.
There's some big words here but worth a look if you are also wondering about SP500
http://www.zerohedge.com/news/2017-0...plicable-surge