Submitted by Tyler Durden on 11/20/2015 14:50 -0500
You can manipulate earnings, but The S&P 500 is as expensive now on a cash-flow basis as it was at the peak of the dot-com bubble…
Cheap?
Just remember who is selling these stocks…
So who is the greater fool?
Charts: Bloomberg
Despite the rally today, yet again we have as many new lows as we do new highs. Almost 100 of each. Only 35% of NYSE is trading above its moving average, despite the S&P500 being only 2% from all time highs. This is a very unstable market. I dont have data on the McClellan oscillator for today yet, but it will probably be negative, which signals yet another hindengurg omen.
I said hindengurg lol. There is so much bad data I’m choking and gurgling it.
Icon – only a small number of stocks are causing the SP500 to rise, which is why only 35% trading above its moving avg.
Chart 3 provided by Heidi Fleiss. Cum flows. Really?
Can some PLEASE repost the list that showed how well islam gets along with others?
I’m buying more land which should soar as soon as Obama’s Associates blow up NYC, WDC, Chicago, LA, LV, Miami, Orlando, Tampa, SF, etc, all according to TPTB Plan.
Now you know why 401k’s have been pushed by the “experts”, they now have built-in bag holders (e.g. “muppets”)