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In reply to the discussion: Don't look at your 401K... DOW down 1100+ AGAIN. [View all]Amishman
(5,557 posts)21. It has a long way to fall, Shiller P/E is still at 30
This is a measure of the value of the S&P 500 in terms of stock price against the actual company earnings. The higher the number, the further the stocks are valued in excess of their actual earnings.
Historical average going back 100+ years is around 16. More modern average (past 25 years) is in the low 20s.
Moved most of my 401k to bonds months ago when the Fed started talking about major increases in rates and shrinking their balance sheet
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I have been trying really hard to avoid anything regarding the markets recently
nevergiveup
May 2022
#7
It was never intended to pay a livable benefit by itself. Maybe it should but it doesn't.
totodeinhere
May 2022
#14
It's just a current news story being shared amongst (mostly) like minded folks...
WarGamer
May 2022
#50
Anyone with an IQ over 60 knows that a POTUS has little control over such things...
WarGamer
May 2022
#44
when interest rates rise, stocks go down. and major retailers are hurting from supply chain issues
Demovictory9
May 2022
#42