House prices, shipping stocks, and the S&P 500 in a world that never learns Sometimes the global economy feels like a neighborhood where the same house keeps catching fire. Different years, different neighbors, but somehow the same smoke. Here I look at three markets that react to stress with three different personalities: U.S. house prices, a basket of shipping…
Tag: SP 500
Buffett Indicator and S&P 500 as Crisis Indicators
In order to better understand Shiller’s price / earnings (P/E) ratio, it is necessary to examine the business hours chart that should be worked in the USA in order to purchase the S&P 500. In Figure 1, we see that in the last 20 years, the lowest number of working hours was experienced during the 2009 financial crisis, with an…

