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SPDR S&P 500 ETF Message Board

  • techglass1 techglass1 May 11, 2013 10:16 AM Flag

    why stocks are way overvalued

    If you look at just the 30 Dow components you see that the stocks like Dis, HD, Pg, Ko, MCD, JNJ, are all selling between 15-20xearnings for 2014....very rich..while Pfe, Mrk, HPq, CVX, TRV, xom, have no growth in earnings at all and are selling at between 10-14x 2014. while on an absolute basis these stocks look cheap they have no growth and in a number of cases declining revenues. Calls for Dow 16K and 17K would imply these no growth companies would have to sell for 15-20x earnings or the companies with little growth like 7-8% would have to sell at 25-30x earnings. Not likley...

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