Reality Lenses: Historical PER record value on the S&P 500

2009-07-12

Historical PER record value on the S&P 500

The Fed, together with the Government and BubbleVision have managed to yet again beat the official record on the PER of the S&P 500. The broad US market is now even more expensive than the highest valuations ever reached during the Tech Bubble in 2000.

The chart shows the official PER quarterly values as computed by Standard's and Poor except for the very last point, because there's no official Q2 2009 value yet.

I have already drawn my conclusions. It's time to draw your own ones.

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2 comments:

Unknown said...: PER? Price earnings ratio? Which earnings did you consider when making this huge number?
Regards, Stefan; 13 July 2009 at 22:46
pej said...: Yes, Price Earning Ratio. The official figures from S&P are freely downloadable from their web site. Here's the link: http://www2.standardandpoors.com/spf/xls/index/sp500pe_ratio.xls; 13 July 2009 at 22:50