S&P 500 Earnings vs. Valuation Matrix [View article]
$60 is not bearish, it's even optimistic. Very likely we will dip below $50 in 2009. The current S&P500 level at 940 is just mental, for a mental recession.
Indeed, even permabulls are questioning analysts' calls for 100+ earnings next year now that unemployment has begun going up. Unemployment + exploding mortgage payments + exploding maxed out credit = things are only starting to get nasty. The worst is not repeat NOT behind us.
First it was mortgages only, now it's everything plus the rest of the world combined...
S&P 500 Earnings vs. Valuation Matrix [View article]
Expect the Real Rally by Mid-2009 [View article]
First it was mortgages only, now it's everything plus the rest of the world combined...
Bogleheads Takes on 'Sell in May and Walk Away' [View article]
S&P 500 Dividend Yield Highest Since June 1995 [View article]