This Shocking Chart Scares The Bejesus Out Of Bulls

Posted by on February 18, 2017 1:53 am
Tags:
Categories: Uncategorized

Bulls oftentimes try to discredit current Shiller’s Adjusted S&P P/E ratio of 29.20. A ratio that is now on par with 1929 top. They do so by suggesting Gaap/Non-gaap, forward, operating, this and that earnings adjustments.

Well, you can’t really talk your way out of the chart above. As it clearly shows, Price/Sales ratio is near an all time high. Definitely much higher than its 2007 market top counterpart.

Good luck explaining that one away.