Bond rates in almost all Euro zone have headed up.
It is earnings season, and it will be interesting to say the least. As we hit 20% effective unemployment, and many have fallen into despair and alternate lifestyles, it is Orwellian madness at it's best.
The classic P/E ratio is supposed to be a net present value of future earnings, usually expressed in US Dollars. It varies between 8 and 30 showing that the market is terribly inefficient.
These bond charts are a permanent part of my blog.
http://oahutrading.blogspot.com/p/euro-bond-charts.html
Very turbulent, uncertain times Steveo.
ReplyDeleteThank you for your continuing work on this blog. You often pick up on things the rest of us miss.
I am looking for a decline in the PE ratio to around 7 before becoming bullish.
Cheers,
PW
Exactly, S&P500= 200 or so, an overshoot to the downside
ReplyDeletePreserve capital and get ready to back up the truck!