Wednesday, June 03, 2015

10 Bearish Charts, 1 Bullish Chart

April 2015 highest amount ever

2.  Value of M&A Deals

3.  Valuation of M&A Deals
The average EV/EBITDA multiple for global M&A stands at 12.4x in 2015 YTD, the highest full year level on record.

via Economist

4.  % IPOS unprofitable
Near or at highest ever.
via Howard Lindzon

5.  Shiller CAPE
Highest except 2000, 2007, and 1929.
via Shiller

6.  Median P/S Ratio
The Price-to-Sales ratio of the median stock in the S&P 500 is at an all time high at 2.1 since 1964. Median 0.89 .  Ditto for median price to book, earnings, and cash flow.
via Ned Davis

7.  Allocation of Investors to Equities
With exception of 2000, near prior peaks.
Screen Shot 2015-05-31 at 4.10.28 PM

8.  P/E Ratio of Cheapest S&P 500 Sector
Highest ever.
Via Leuthold

9.  NYSE Margin Debt
All time high.
Via dShort

10. Yearlong Sentiment
Second highest ever.
via Leuthold

…And the 1 bullish chart……
The trend.
Is up.
And for now, the 1 bullish chart is more powerful than all the bearish charts…
via StockCharts

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.