1-1-2024

Updated Monthly

Secular Market Top - Since January 2000

+227.8% Dow       

+434.0% Transports 

+211.1% Utilities

+224.6%  S&P 500

+268.9%  Nasdaq

+ 38.1%  30yr Treasury Bond

+615.4% Gold

+179.9% Oil
  +88.8% Swiss Stock Market

    

From High to Low - Since Year 2000

+ 615.4% Gold

+ 434.0% Transports

+ 268.9% Nasdaq

+ 227.8% Dow

+ 224.6% S&P 500
+ 211.1% Utilities
+ 179.9% Oil

+   88.8% Swiss Stock Market

+   38.1% 30yr Treasury Bonds

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

Shiller PE10  1-1-24 is 32.27  189% above its mean since 1871.
S&P 500 dividend yield 1-1-24 is 1.45%  66% below its mean since 1871.
[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.]

11-1-24

Stock-earnings yield 3.10%

Bond rate 4.86%

Stock-earnings yield/bond yield = 64% of  present bond yield.

Dividend yield/bond yield = 30% of the present bond yield.  

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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!