Private Investment

• Indizes
• S&P 500

• Valuation S&P 500 (March 2015)
• S&P 500 extrapolation April 2016 (May 2015)
• S&P 500 Short-term problems BELOW 2.067 (June 2015)
• S&P 500 (magic level: 2,131 points)
• S&P 500 support levels August 2015
• Biggest stock buyer in the US (2014/2015)
• Long-Term Trendlines (S&P 500)
• 5% weekly drop (historical breakdown since 1980)
• S&P 500 - neg. Aug. & Sep. - what follows next?
• S&P 500 (> 1.870 - level), 33-month average
• US-Industrial Production vs. S&P 500
• S&P 500 Index (Sectors), Fwd. PE-Valuation
• S&P 500 / PE-Ratio (Valuation)
• Post-Rate-Hike (Scenarios/History)
• Valuation S&P 500 @ 2,000 points (Price/Sales-Ratio)
• S&P500 after a possible (!?) rate hike
• Fed Rate Increase (16th Dec. 2015)
• S&P 500 & High-yield-bonds (correlation)
• S&P 500 @ 1.999,99 Punkten (4. März 2016)
• S&P500 Chartcheck nach ATH (HY2/2016)
• S&P 500 (Q2-2015 - 12th Aug. 2016)
• Sungarden Investment Climate Indicator (S&P 500)
• S&P 500 (Magic Longterm-Support: ca. 1.915)
• S&P 500 (Pros YE-Targets 2017)
• S&P 500 (magic 2.4k)
• S&P 500 ETFs (tiny insight)
• Periods prior Market Peaks (S&P 500)
• S&P 500 100-point gain(s)
• Kindergarden-Börse ("the 90s")
• S&P 500 ( > 2.500 Punkten)
• S&P 500 (SMA 255, SMA 200)
• S&P 500 Total Return (1998 - March 2018)
• S&P 500 (Möglicher Support bei 2.673 Punkten)
• S&P 500 (im Q4-2018)
• S&P 500-Indexlevel (magic 2.4k; Dec. 2018)
• S&P 500 (EMA200-weekly)-Support
• S&P 500 (Resistance-Levels), Jan. 2019
• S&P 500 - Kuzfristiger Seitwärtstrendkanal
• S&P 500 (Yearly Returns since 1950)
• 2.817 Punkte (S&P 500)
• S&P 500 @ 3k in Sep. 2019 (?)
• Magic GOLDEN CROSS (Jahr 2019)
• S&P 500 (2000 - Juni 2019)
• S&P 500 (NEW All-Time-High)
• S&P 500 > 3k (Status-Quo: 16. Dez. 2019)
• S&P 500 > 2.954 (No need to panic - YET)
• "COT-Report" (S&P 500)
• S&P 500 & Moving Averages (28, 30, 38)

Quarterly Earnings and the US-Stock Market
(Q1-2009 - Q1-2016)

S&P 500 is trading around 2,100. It has traded at that level numerous times in the last 20 months. During that time actual quarterly earnings for the S&P 500 have plunged from its high (USD 29.6 in Q3/2014) quarter by quarter.

Graph created by Ralph Gollner

Tyler Durden on "zerohedge" called 'earnings" the milk of markets. In March 2016 he said: "It appears the mother's milk of markets is rapidly drying up." But now I would say that this was 'just' an earnings-recession which we had to digest. Now is the time to look forward and believe (or hope...) that quarterly earnings have found its floor at ca. USD 25 and will keep on rising from this level forward.

link to a zerohedge-article in March 2016: http://www.zerohedge.com