topshelf

The New S&P Bull Market

i'll leave a few pastes of the very little mention of thw whopping PE of the S&P 500 that's been bouncing around the 130 Mark, yes 130, not 13, unless someone/s has already priced in dollar decimalization---and this coming Q2 will make it Higher, since it knocks out Q2/08 from the TTM Earnings, pastes below:

After the earnings result for the quarter ending March 31, 2009 , the PE ratio is now even higher. The reason is the denominator E or earnings in the PE ratio is falling while ht price is rising. For these calculations the 919.14 closing price of the S&P 500 on May 29, 2009 is used.

With 99% of all S&P 500 companies reporting, the as reported earnings are for the March quarter is $7.61 according to Standard & Poor’s. As shown on the chart below the S&P 500 PE ratio has risen to 132 for the quarter ending March 2009. According to Standard & Poor’s estimates for the June and September 2009 quarters are 3,500 and -301 respectively. These two values reflect the serious losses incurred in December 2008 combined with the anemic earnings performance since then. I removed these numbers from the chart as they skewed the chart significantly.
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Mogambo Guru last month:

And now somebody is worried that China would not trust the currency of such a bunch of socialistic, commie-think morons whose currency has been devalued by almost 97% since the Federal Reserve was given control of the money and banks in 1913? Hahaha!

But there is insanity everywhere, and to show stark evidence of an astonishing degree of absolute insanity, the price-to-earnings ratio of the S&P 500 is now, according to a table in Barron's, a ludicrous 122.45! Beyond belief! Hahahaha!

This preposterous P/E ratio is caused by the earnings of the companies in the S&P 500 index dropping to a miniscule $7.21 per share (down from the 2007 high of over $84 per share!) at the same time as there are so many complete morons willing to pay $882 a share! Hahaha! Morons!
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and the S&P Website itself:
S&P 500 Statistics
As of May 29, 2009

Total Market Value ($ Billion) 8,035
Mean Market Value ($ Million) 16,070
Median Market Value ($ Million) 6,490
Weighted Ave. Market Value ($ Million) 67,881
Largest Cos. Market Value ($ Million) 342,702
Smallest Cos. Market Value ($ Million) 458
Median Share Price ($) 28.00
P/E Ratio* 127.48 <<<<<&l...
Indicated Dividend Yield (%) 2.47
NM - Not Meaningful *Based on As Reported Earnings.


www2.standardandpoors....