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Monday, November 14, 2011

One Huge Reason The Stock Market Isn't Cheap...


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Monday, November 14, 2011
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One Huge Reason The Stock Market Isn't Cheap...

This is one way of measuring the S&P 500 we haven't thought of before.

From Naufal Sanaullah's latest market overview, this chart from TheChartStore.com shows (obviously) how many hours you have to work to buy the S&P. While obviously this measure has improved compared to recent peaks, it's still WELL above historical standards. Some combination of a falling market or more robust wages is needed to get the number back into line.

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