Bull Market Greets Joe Biden‘s First 100 Days in Office

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jserraglio
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Joined: Sun May 29, 2005 7:06 am
Location: Cleveland, Ohio

Bull Market Greets Joe Biden‘s First 100 Days in Office

Post by jserraglio » Sun May 02, 2021 12:24 pm

WSJ
NBC NEWS wrote:Trump said the stock market would “boom” if he were to be re-elected, and that if Biden were elected, markets would “crash.”
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maestrob
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Re: Bull Market Greets Joe Biden‘s First 100 Days in Office

Post by maestrob » Mon May 03, 2021 8:45 am

I'm not sure where the WSJ is getting its numbers, but the PE ratio of the S & P 500 today is somewhere around 39.

That's incredibly high, and is cause for concern in my book. Still, I expect earnings will skyrocket during the coming 6 months as we open up the economy.

https://ycharts.com/indicators/sp_500_pe_ratio

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