Tuesday, November 9, 2010

Cyclicals are still Rich

This is, of course, crude metric, I want to watch to the valuation of cyclical. These are the companies from which undertakings are closely tied to the cycle of stocks. This is the ratio of the Morgan Stanley cyclical index (^ CYC) divided by the S & P 500:

In other words, when the line goes, cyclicals are out performing.

26. April, the ratio of closed at 0.8034, its largest ever reading.After this, the ratio is moved to the very faint. in March 2009 as low as possible a chance to familiarize yourself with the ratio of 0. comp/m.4184. Historically, when you follow the instructions in the section change, is the big deal, and it will last for a few years (although, but not always).

S & P 500 is currently trading around 1195. If it closes exists, this should be the highest after closing in may at the index was 1202.26.In April of this year, the high became 23 when the S & P 500 close 1217.28.

Although the S & P 500 and the deposit facility will remain unchanged, as well as its high, Dow is very close to a new high. Dow is currently 11,217, is greater than its high close to the Convention on diplomatic relations of 18 April (which became 23 instead of 24) at 11,205.03. Dow is currently the largest nearby track 19.September 2008 onwards 11,388.44.

Posted by Eddy 2nd.November 2010 at 1: 43 pm


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