12-1-21

Updated Monthly

Secular Market Top - Since January 2000

From High to Low - Since Year 2000

+ 515.3% Gold

+ 436.3% Transports

+ 270.7% Nasdaq

+ 222.6% Utilities
+ 208.9% S&P 500
+ 200.8% Dow
+ 158.8% Oil

+   74.2% 30yr Treasury Bonds

+   71.7% Swiss Franc's

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

Shiller PE10 12-1-21 is 39.55
S&P 500 dividend yield 12-1-21 is 1.26%
[Shiller PE10 & dividend yield is reported using data from the beginning or end of the month when I update.  It may or may not exactly be the first or last trading day of the month.]

Stock-earnings yield 2.53%

Bond rate 2.43%

Stock-earnings yield/bond yield = 1.04

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!