Precious Metals Bull Market Rages on as 30 Year T- Bonds Fall to Last Place!

 2-1-21

Updated Monthly

Secular Market Top - Since January 2000

+160.8% Dow       

+306.0% Transports 

+200.8% Utilities

+152.8%  S&P 500

+221.2%  Nasdaq

+ 71.5%  30yr Treasury Bond

+538.9% Gold

+103.9% Oil
  +77.1% Swiss Franc's

    

From High to Low - Since Year 2000

+ 538.9% Gold

+ 306.0% Transports

+ 221.2% Nasdaq

+ 200.8% Utilities
+ 160.8% Dow
+ 152.8% S&P 500
+ 103.9% Oil

+   77.1% Swiss Franc's

+   71.5% 30yr Treasury Bonds

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

Shiller PE10 2-1-21 is 33.82
S&P 500 dividend yield 2-1-21 is 1.57%
[Shiller PE10 & dividend yield is reported using data from the beginning of the month when I update.  It may or may not exactly be the first trading day of the month.]

Stock-earnings yield 2.96%

Bond rate 2.36%

Stock-earnings yield/bond yield 1.25

Dividend yield/bond yield .67  

***************************

It is easily seen in the year 2000 the Nasdaq was horribly overvalued and gold was on the give away table, such lopsided returns 20 years later!