The Dow Jones industrial average edged lower on Wednesday, continuing its sluggish start to the month. Stocks fell as investors weighed conflicting economic reports and assessed the outlook for the Federal Reserve's economic stimulus program.
The easiest and most accurate way to answer that question is simply by looking at the price action of the S&P 500. After all, the price of the market is determined by the aggregate opinion of every investor around the globe.
In a nutshell, the Shiller P/E ratio is a metric popularized by economics Nobel Prize winner Robert Shiller that smoothes out short-term ups-and-downs in profits by using a 10-year earnings average. To develop his tool, Shiller tracked P/E ratios ...
Upbeat news from the housing industry and luxury retailer Tiffany & Co. nudged the stock market higher Tuesday. Investors also got another market milestone when the Nasdaq composite closed above the 4,000-point mark for the first time in 13 years.
We see the Dow Jones Industrial Average(INDEXDJX:.DJI) (top) and a special 'smoothed' Breadth Indicator which is the 40 day Simple Moving Average (SMA) of NYSE Breadth (Advancing Issues minus Declining Issues).