No Volume Whatsoever, Never forget the S&P 500's P/E is over a Hundred!!!!!!!!
No Volume Whatsoever
Submitted by Tyler Durden on 11/17/2009 15:40 -0500
The market is dead, with only Cyborg algos trading amongst themselves, as is the norm lately. No reason to even comment on this. Nobody wants to sell courtesy of moral hazard, and nobody wants to buy courtesy of 100x P/E. Can we just call it a stalemate and all go home. This is getting really stupid. (oh and note the volume "accumulation" of days in which the market was up. Yeah, exactly). »
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5% Of U.S. Taxpayers Account For 60.6% Of All Tax Revenue, 47% Will Pay No Federal Tax In 2009 Submitted by Tyler Durden on 11/17/2009 14:15 -0500
Federal Tax Mint pay Revenue Stock Market Tax Revenue taxes An interesting observation courtesy of Mint: of the 307,868,280 Americans out there, which compose 151,485,000 tax units, 46.9% will have zero federal income tax liability in 2009. Brilliant plan to keep the country happy: the poor pay no taxes, the rich get a massive stock market bubble to sell into, and the disappearing middle class...well, they can pay $20 for a hotdog and beer combo in Prague on that once-every-five-years vacation.
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in Oct I wrote about the S&P 500's P/E of 140 (Ref:Stock Bulls are Going to get Hit Hard. S&P P/E = 140
October 06, 2009 – Comments (12) |
According to Standard & Poor's, the price/earnings ratio for the S&P 500 on September 30 rose above 140. Investors were paying over $140 for each dollar's worth of reported earnings. Given the fact that this ratio has never before reached 50, this is a P/E mania like no other in stock market history.)
S&P no longer publishes the P/E on their website.
Wonder why not?
Let me answer, because it should scare the (^*&^(**^*&(^%$@#$!#@$ out of you!