Don't know if you have seen this data source or not...has a few interesting charts on fundamental data for S&P 500 going back to 1977.....I would look at the Price/Book chart for 1977 to current, monthly chart shows a bubble top starting around 1995....makes you wonder where the averages would / will be at historic Price/Book norms, even for just the past 10 years.
barra.com
Makes your 960 look very reasonable...
And to all the chart wizzes out there, I have been using the daily & weekly chart of DIA instead of DOW, as the DIA does not open until most, if not all, DOW components are priced. It gives a much cleaner view on daily, and I see a diamond formation that was pierced to the downside on Dec 15th, and again today. Starts with daily bar of July 11th, high is Sept 6th, low is Oct 18th. Very clear on weekly chart, upper right quadrant trend line is weakest, with only 2 touches. The lower right quadrant trendline (just broken again) has 3 touches on weekly chart, and 5 on daily. But have only plotted using AIQ, would like to see if any one else gets same result...
Jerry |
