fâhç
2004-04-29 05:11:59 UTC
The past several times I've asked this question the neo-cons got their
panties in a bunch and exclaimed that I was "lying" (these numbers are
verifiable facts) and that the markets are rising rapidly. So I've taken
the liberty of not only including Dec 29th 2000 index numbers, but also the
index numbers for the previous posts in which I've asked this question. As
you can see from the numbers, the markets are not on the rise. The best you
could say is that they've been channeling this year, but *still* down in
comparison to the end of the year 2000. In addition, the S&P 500 P/E ratio
is still above 15 (it's at 22.87) indicating that many stocks are still
probably overvalued. There is still some downward room for stocks to move.
Dow
Dec 29 2000 10,787.99
Jan 30 2004 10,488.07
Mar 1 2004 10,678.14
Apr 28 2004 10,342.60
change....... -445.39 (-4.1%)
NASDAQ
Dec 29 2000 2,470.52
Jan 30 2004 2,066.15
Mar 1 2004 2,057.80
Apr 28 2004 1,989.54
change...... -480.98 (-19.5%)
Wilshire 5000 (index of 6,000+ US stocks, basically the entire market)
Dec 29 2000 12,175.90
Jan 30 2004 11,029.20
Mar 1 2004 11,289.48
Apr 28 2004 10,967.44
change...... -1,208.46 (-10%)
panties in a bunch and exclaimed that I was "lying" (these numbers are
verifiable facts) and that the markets are rising rapidly. So I've taken
the liberty of not only including Dec 29th 2000 index numbers, but also the
index numbers for the previous posts in which I've asked this question. As
you can see from the numbers, the markets are not on the rise. The best you
could say is that they've been channeling this year, but *still* down in
comparison to the end of the year 2000. In addition, the S&P 500 P/E ratio
is still above 15 (it's at 22.87) indicating that many stocks are still
probably overvalued. There is still some downward room for stocks to move.
Dow
Dec 29 2000 10,787.99
Jan 30 2004 10,488.07
Mar 1 2004 10,678.14
Apr 28 2004 10,342.60
change....... -445.39 (-4.1%)
NASDAQ
Dec 29 2000 2,470.52
Jan 30 2004 2,066.15
Mar 1 2004 2,057.80
Apr 28 2004 1,989.54
change...... -480.98 (-19.5%)
Wilshire 5000 (index of 6,000+ US stocks, basically the entire market)
Dec 29 2000 12,175.90
Jan 30 2004 11,029.20
Mar 1 2004 11,289.48
Apr 28 2004 10,967.44
change...... -1,208.46 (-10%)