8-1-19
Updated Monthly

Secular Market Top - Since January 2000

+130.4% Dow       

+248.5% Transports 

+188.6% Utilities

+  99.6%  S&P 500

+  96.7%  Nasdaq

+63.1%  30yr Treasury Bond

+399.2% Gold

+117.4% Oil
  +61.0% Swiss Franc's

    

From High to Low - Since Year 2000

+399.2% Gold

+248.5% Transports

+188.6% Utilities

+130.4% Dow
+117.4% Oil 

+  99.6% S&P 500 

+  96.7% Nasdaq  
+  63.1% 30yr Treasury Bonds

+  61.0% Swiss Franc's

December 1999 Shiller PE10 was 44.19               
August 2000 S&P 500 dividend yield was 1.11%  

Shiller PE10 8-01-19 is 28.99
S&P 500 dividend yield 8-01-19 is 1.96%
[Shiller PE10 & dividend yield is reported using data from the beginning of the month when I update.  It may or may not be exactly the first day.]

It is easily seen in the year 2000 the Nasdaq was horribly overvalued and gold was on the give away table, such lopsided returns 18 years later!

Also of interest the stodgy 30 year Treasury bond since the year 2000 outperformed the Dow, S&P 500 and Nasdaq until the Trump rally.  With valuations stretched to these lofty levels a value player such as DYI will once again place his monies in 30 year T-bonds or long term high quality corporate bonds out performing stocks over the next 10 to 15 years.  Please note due to the Fed's sub atomic low interest rates 30 year T-bonds or high quality long term corporate bonds will highly likely out perform stocks over the next 10 to 15 years with one big caveat; out performance will be losing far less money than stocks! Ouch!