Astonishing U.S. stock PER level

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Now, the theme this time isPER of U.S. stocks.

WSJ as of January 5th shows the following PER and projected PER for U.S. stocks.

＜PER＞ Current 1 year later

Dow Jones Industrial Average 30 22.28x 20.04x

S&P 500 22.09x 19.25x

＜Dividend yield＞ Current

Dow Jones 30 2.07%

S&P 500 1.86%

＜Bonds＞

10-year bond 2.476%

02-year bond 1.964%

Source) Birinyi Associates

PER is in quite a high state, isn’t it?

Also, in terms of dividend yield, it is at roughly the same level as the 2-year bond.

From the perspective of risk and return, bonds are becoming more attractive.

If you do not expect stock prices to rise, the 2-year bond has far lower risk.

On the right side of FC2 Blog, there is a link named “Major U.S. stock indices PER.” Please visit that as well.

http://jissennkop.blog.fc2.com/blog-entry-924.html

Note) The above is my personal view and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. Also, the blog content is based on data from reliable sources, but the administrator does not guarantee its accuracy. Final investment decisions should be made at your own risk.

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