Posted on 11/20/2007 10:19:20 PM PST by Professional
China Last 12 months
Nasdaq 3/1/99-4/10/2000
Hint: you committed it.
The IBES valuation model compares the 12-month forward estimate earnings yield (earnings/price x 100) of the S&P 500 to the current yield of the 10-year Treasury note.
http://www.tradersnarrative.com/ibes-valuation-model-stocks-extremely-undervalued-1006.html
Yeah, notice the far right side of the chinese volume graph? It drops like a rock right at the end. What is going on there?
Since this is an ETF that tracks the chinese market, it’s irrelevant and immaterial. Normally it would mean a big drop in interest in trading whatever is being graphed I would suppose.
Dang, looks like I was either correct, or like a broken watch, just got lucky. CHina is indeed cratering like the Nasdaq bubble of 2002.
Trouble is, the US market too, is getting a whooping.
Yeah, I’ll say..
Yeah, what will it do to global finance... Hmm, not sure I currently like the answer. Anyway, I haven’t posted in a long time, but found this an interesting one to revisit.
bookmark for later
Thanks for the ping!
Well, it is after the Olympics, eh? I used your prediction up til 8/8/09.
Now, back to todays thread and real time.
yitbos
Make that 8/8/08
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