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The following was from my twitter feed (to get live access, simply follow @adamsarhan) on 12.29.2011 1. @adamsarhan One of the strongest correlations remains: S&P500/ $XLF (financials ETF) = +97.5%! 2. @adamsarhan Another very strong correlation is SP500/Crude Oil= +95.2%! 3. @adamsarhan However: Euro/Gold correlation remains very strong at nearly +90% 4. @adamsarhan SP 500/Gold correlation has…
Is The Market Expensive?
I’m frequently asked: Is the Market Expensive? Value is Subjective: I believe the answer is very subjective. My standard response is: “Value, like beauty, is in the eye of the beholder.” -Adam Sarhan P/E Ratio: The P/E ratio is a common ratio used to measure a market (or stock’s ) value. The ratio is derived…
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Trader Talk With Art Cashin 3.11.10
Art Cashin, head of floor operations at UBS, has the buzz from the NYSE.