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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: Night Trader who wrote (40896)1/24/2009 2:05:41 AM
From: Night Trader  Read Replies (1) of 219226
 
Update to Q ratio: Smithers has adjusted S&P asset value down to 691. Long term average PE equilibrium value would be 867. The Q ratio has historically been slightly better as a predictor of stock markets globally though it could be argued the movement towards services has made it less relevant. OTOH A lot of those earnings of the last few years (housing related, consumer, financial and possibly energy) are not coming back soon if at all.
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