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S&P 500 (^GSPC)

SNP - SNP Real-time price. Currency in USD
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4,166.45-55.41 (-1.31%)
At close: 5:09PM EDT
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  • r
    richard
    With interest rates at 0 and with the money the fed has been pumping into the market If this was to drop 40 to 60% rather then a normal 10% correction.
    And real estate will follow.
    Your going to have a lot more to worry about then your retirement investments.
    The future security and freedoms we all enjoy could be at stake.
  • S
    Sanel
    If nothing else, what's going to cause this market to drop precipitously is buyer's exhaustion. Everyone that is able to buy into the stock market has basically bought into it. No stimulus checks going out, back to work as usual, and the rest, will result in buyer's exhaustion. That was essentially what pricked the tech bubble in March of 2000. I see the same thing happening here. It's running on fumes, this equities market. Valuations make zero sense. We have to retrace back down to 2,500. It's unhealthy for the market to just keep going up, with nothing tied to the fundamentals.
  • V
    Vincent
    Just keep in mind that corrections greater than 10% rarely occur in the 12 months following the market reaching a new all time high. Such a quick correction has only occurred 3% of the time.
  • S
    Sanel
    I’ve got only three ratios for everyone to keep in mind. Price to sales for this index is 3.10. Historical average is 1.50. Price to earnings is 45. Historical average is 15. Price to book is 4.60. Historical average is 1.50. Therefore, for stock prices to be fairly valued, let alone discounted, this index needs to fall 50%, to 2,100. I hate to be the bearer of bad news, but everyone with any sense knows this is extremely overbought and overvalued. Sell and save yourselves a lot of headache in the upcoming months.
  • S
    Sanel
    It really doesn't matter if rates are going to be raised this year, next year, or two years from now. What should tank the market on its own is *overvaluation*. This market is priced 3.10 times revenue, 45 times earnings, and 4.56 times book value. The rates can stay near-zero for 10 years from now, for all I care; the market would still be due for a massive correction just on valuation alone. Prove me wrong.
  • e
    ellen
    What’s Eating Gilbert Grape? For starters, how will the US economy act coming out of quarantine? It’s not like a war because there was no restriction of things to buy except, maybe, travel. Instead, the flood of recovery largesse went into savings and then into capital markets. But with little pent up demand, will the consumer just leave it there?
  • F
    Franco
    So Fed says they won't raise rates till end of 2023, and S&P tanks? Why?
  • C
    Chase
    hey guys was wondering if anyone knew why the personal saving rate is still 14.7% why so high if inflation is 5%
  • S
    Sanel
    It’s been a long time since we had a bear market purely based on (over)valuation. Last time was the tech bubble when it burst in 2000. It’s a matter of time when we have this one burst as well. Yes, I understand interest rates act as gravity for equities, but we are approaching absurd levels. S&P’s P/B is approaching 5 and P/E is approaching 50. For context’s sake, Berkshire’s ($BRK-B) P/B is 1.4 and P/E is 6.7, at this moment. So you tell me what’s out of control. Fed, you *have to* raise rates. Give people a safe asset to put their money into; a CD, a money market, anything. You have been warned, folks. Be very careful. This market is extremely overbought.
  • S
    Sanel
    This thing needs to drop to 2,500 before valuations start making sense again. Way overbought and overvalued.
  • J
    Jupiter
    The Delta virus in Britain has increased by 90%! Over 500,000 people have died in Brazil! Get the vaccine as soon as possible to avoid being caught by the delta India virus!
  • S
    Silence Dogood
    Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay"
    If there is inflation, isn't cash the worst thing to hold?
  • T
    Tom
    RECESSION , high interest rate, more Covid variants will TANK the Economy soon.
  • F
    Fatcat
    If you are already in stocks that have low PE and positive CF, then you don't need to run from your positions.
  • e
    ellen
    Nobody can now pretend that the 500 pound gorilla sitting here does not exist. And its cause is the 30% expansion of the money supply. What to do? A good start on research for clues is Milton Friedman. Companies with pricing flexibility have large moats and weak competitors, own those. The ten year bull market is long in the tooth but there are still large sums of cash being invested to keep it going.
  • e
    ellen
    Yesterday’s decline before the bell should be noted. The market is seeking clarity from the Fed and, what has been called transitory, inflation. Today’s CPI has been poo-pooed but I wonder. Wages are running at +5%, oil is now above $70, And the Fed owns nearly $8 trillion in treasuries and mortgage backed bonds. Only a slight decline in corporate bond purchases has happened. The bond market seems happily unconcerned and I find that curious.
  • S
    Sanel
    We have had a 12-year bull market. Forget the March 2020 crash. That was no crash; the Fed propped it right back up, artificially. Now is the time for a reality check. It's been long overdue. We can't have a stock market that doesn't operate on fundamentals. There are "hot" growth stocks out there that are priced 100 times *sales* and 500 times book value and are losing money left and right. How can that be reasonable and sustainable? It can't. Value never died. It was just the smart, nerdy kid that everyone ignored for 12 years while everyone else was partying and drinking until the morning. Well, that will all change very soon. Sit back and watch.
  • e
    ellen
    The Federal Reserve will report Wednesday at 2:00 on its web site federalreserve.gov. on Wednesday at 2:00 pm. The bond markets seem to expect no changes. Still weak are the employment numbers so it would make sense that there will be no policy change. But there will be, again, governors’ forecasts. And the target date for tightening may come sooner than 2023.
  • f
    fd
    END THE FED. Jail all the central bankers. Gold and Silver are money.
  • S
    Silence Dogood
    ever notice all the people who constantly complain here when the market is doing well? but then they complained here when the market was doing badly as well.