The average daily price change for the S&P 500 this year is just 0.46%, the smallest amount...


The average daily price change for the S&P 500 this year is just 0.46%, the smallest amount since 1934 and way under 2011's 1.04%. Valuations are falling as well, with the S&P PE ratio declining to 14.5 from 24.2 in December 2009. It mirrors a similar retreat from the early-mid 90s, which presaged a big year for stocks in 1995.

Comments (3)
  • BIG_BEN
    , contributor
    Comments (166) | Send Message
     
    So i should wait 5 years to buy?
    19 Mar 2012, 07:39 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    The Investor has left...its all just algo computers now....a rigged market...now all the big moves are pre market....where an average Joe can´t get in....then its all headlines....algo tracking..
    19 Mar 2012, 07:40 AM Reply Like
  • mikeinnyc
    , contributor
    Comments (65) | Send Message
     
    Yes, on paper everything looks attractive however, the FED "was" the main participant. That "must be taken into consideration" since there are no investors and will be no investors until they actual have:

     

    1) Jobs (& no fear of layoffs)
    2) Debt Reduction Highest levels of Debt in History!!!
    3) Mortgages under 4:1 ratio ( Total Payments = 3/4 times income)

     

    Only when the above happens would I consider the market stable. Well Today its gamed; and we don't know the outcome yet.

     

    The only thing that is going to happen is higher rates on Bonds. Has to be considering QE is almost over.

     

    When the FAT Lady sings around 4.5% on Ten Year that's when the rug will be pulled out and P/E will rise back to the Mid 20's. Your P/E are based on FED money. Also note is that Profit /M are at there historic highs which can't last either. Since the Fed promises ZERO rates forever I would take the RED pill.

     

    Enjoy the next few months but expect the Bear to rip your head off or find out the emperor has no cloths.

     

    Have a nice day.)
    19 Mar 2012, 09:37 AM Reply Like
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