by OnigrizaOmorte
According to the The Shiller price-to-earnings (P/E) ratio is a P/E ratio based on the average inflation-adjusted earnings from the previous 10 years. Over 150 years of history, the Shiller P/E ratio for the S&P 500 has a mean (average) of 16.8 and a median of 15.8. Right now, the Shiller S&P ratio for the S&P 500 is 34.5 — more than double its historic average. Source
When looking back, there have only been five times in history where the S&P 500 has maintained a move above a P/E of 30:
1929: After the Black Tuesday crash, the iconic Dow Jones Industrial Average (DJINDICES:DJI) went on to lose approximately 89% of its value.
1997-2000: Before the dot-com bubble burst, the Shiller P/E ratio for the S&P 500 hit an all-time high of 44.2. Nearly half the value of the S&P 500 was wiped away after the dot-com bubble burst, with the Nasdaq Composite (NASDAQINDEX:IXIC) hit even harder. Q3
2018: Throughout much of the third quarter of 2018, the Shiller P/E ratio sat above 30. This was followed by a fourth quarter swoon that saw the S&P 500 lose as much as 19.8%.
Q4 2019/Q1 2020: Prior to the coronavirus crash in the first quarter of 2020, the Shiller P/E ratio had, again, crossed above 30. The S&P 500 lost 34% in 33 calendar days during the COVID-19 chaos of February and March.
Q3 2020-Current: To be determined.
Historically, when the Shiller P/E ratio for the S&P 500 gets above 30, bad things happen.
- Do You Accept a 35% Higher Chance of Dying Today? Well Then I Have Life-or- Death News For You.
- THAILAND DECLARES DEATH CON 3 ON PFIZER
- On The Brink Of WW3 (Updates)
- ‘Climate change is accelerating’: Mount Washington as cold as Mars (Coldest wind chill ever recorded)
- Don’t Be Stupid – The U.S. Economy Actually LOST 2.5 Million Jobs Last Month
- Ukraine is About to Get Shafted
- Global Leaders Dump The Dollar – Why Now?
- The balloon is most likely a hoax intended to divert attention away from the Project Veritas Pfizer BUST.
- SOMETHING HUGE IS COMING
- U.S. Senator Mike Lee Threatens Japan’s Prime Minister, Gives February 28, 2023 Deadline
Views: 0