stranger things: I can't help but notice there are strange things happening to the stock market as well, with the U.S. market at all-time highs, according to Market Watch. Consider 1. Although the technical indicators are bullish, the sentiment indicators are overbought Technical Indicators daily chart S&P 500 is above its 50-, 100-, and 200-day MA Bullish MACD S&P 500; 19,39,9 is above the zero line Bullish MACD S&P 500; 19,39,9 is above its signal line Bullish S&P 500 SPX, -0.25% support 2240, 2225, and 2200 Sentiment Indicators II survey Dec. 13 59.6% Bulls; 19.2% Bears Bearish AAII survey Dec. 14 44.7% Bulls; 32.3% Bears Neutral 11.74 Bearish S&P 500 68.62 Overbought I'm looking forward to the second season of Stranger Things, the excellent Netflix science fiction series about a group of children from Indiana who encounter some odd occurrences in their hometown in 1983. The price/earnings ratio p/e of the Russell 2000 RUT, -0.63% is approximately 237. At that time, one well-known analyst famously said that P/E's don't matter anymore. For perspective, the Nasdaq Composite COMP, -0.23% had just reached 5,000 on March 9, 2000, and its p/e was at 175.
(news.financializer.com). As
reported in the news.
Tagged under stranger things, p spx topics.