7-1-21

Updated Monthly

Secular Market Top - Since January 2000

+202.6% Dow       

+405.0% Transports 

+212.6% Utilities

+196.2%  S&P 500

+259.7%  Nasdaq

+ 68.5%  30yr Treasury Bond

+515.8% Gold

+193.3% Oil
  +71.1% Swiss Franc's

    

From High to Low - Since Year 2000

+ 515.8% Gold

+ 405.0% Transports

+ 259.7% Nasdaq

+ 212.6% Utilities
+ 202.6% Dow
+ 196.2% S&P 500
+ 193.3% Oil

+   71.1% Swiss Franc's

+   68.5% 30yr Treasury Bonds

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

Shiller PE10 7-1-21 is 38.21
S&P 500 dividend yield 7-1-21 is 1.33%
[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 2.62%

Bond rate 2.56%

Stock-earnings yield/bond yield = 1.02

Dividend yield/bond yield = .52  

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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!