tag:blogger.com,1999:blog-6616959642391988608.post3766563433791937551..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: How to tell that the market is pessimisticScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-57519744190542372392011-06-03T19:21:23.814-07:002011-06-03T19:21:23.814-07:00Makes total sense now! Thanks for the correction.Makes total sense now! Thanks for the correction.skydudehttps://www.blogger.com/profile/13539912908412758893noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12114594411427683612011-06-03T19:09:38.503-07:002011-06-03T19:09:38.503-07:00skydude: apologies to you for not realizing that y...skydude: apologies to you for not realizing that you were pointing out a mistake in the wording of my text. The chart was correct but my reference to it was incorrect. I've now corrected the post. The earnings yield on BAA bonds is lower than the earnings yield on equities, a rare occurrence.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12076144063190255032011-06-03T18:58:26.395-07:002011-06-03T18:58:26.395-07:00"This next chart is quite impressive, since i..."This next chart is quite impressive, since it shows that the yield on long BAA corporate bonds (which comprise the majority of investment grade corporate bond issuance) is higher than the earnings yield on the S&P 500."<br /><br />If I am reading the chart correctly the yield on the S&P 500 is higher than the yield on the bond line? That is the only reason I queried originally.skydudehttps://www.blogger.com/profile/13539912908412758893noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21672150060727467282011-06-01T08:52:17.852-07:002011-06-01T08:52:17.852-07:00The lines are correctly labeled.The lines are correctly labeled.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82682062916193705922011-06-01T08:45:03.440-07:002011-06-01T08:45:03.440-07:00Am I reading the chart incorrectly or is the equit...Am I reading the chart incorrectly or is the equity yeilds vs. corporate bond yeilds reversed? <br /><br />It appears that the lines are incorrectly labeld?skydudehttps://www.blogger.com/profile/13539912908412758893noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71853507779090441532011-05-31T18:11:41.891-07:002011-05-31T18:11:41.891-07:00Sorry, but we will see a double dip in housing as ...Sorry, but we will see a double dip in housing as it shake out at least another 3% of home owners and returns to the more traditional 64% of Americans..Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.com