Below are 10 charts or stats to mull over this fine weekend while I am on the plane to NYC after a long delay…Come say hello if you are in town or in Charlottesville!
Any other great charts I’m missing? (You all already know my portfolio and plan for 2015 but old post if you have not read.)
Click to enlarge any.
1. Buyback Authorizations
April 2015 highest amount ever
2. Value of M&A Deals
May highest ever: $242B
3. Valuation of M&A Deals
The average EV/EBITDA multiple for global M&A stands at 12.4x in 2015 YTD, the highest full year level on record.
4. % IPOS unprofitable
Near or at highest ever.
via Howard Lindzon
5. Shiller CAPE
Highest except 2000, 2007, and 1929.
6. Median P/S Ratio
The Price-to-Sales ratio of the median stock in the S&P 500 is at an all time high at 2.1 since 1964. Median 0.89 . Ditto for median price to book, earnings, and cash flow.
via Ned Davis
7. Allocation of Investors to Equities
With exception of 2000, near prior peaks.
8. P/E Ratio of Cheapest S&P 500 Sector
9. NYSE Margin Debt
All time high.
10. Yearlong Sentiment
Second highest ever.
…And the 1 bullish chart……
And for now, the 1 bullish chart is more powerful than all the bearish charts…