The S&P 500 index appears over-valued

I just sent a note to the free newsletter list that the S&P 500 index is over-valued. You should have received this email as most of you would be on the list for the free newsletter. But it is a separate list. If you did not receive that email, let me know at and I will check if your email is on that list and has been “activated” or confirmed by you (an anti-spam requirement).

My detailed analysis of the valuation of the S&P 500 has been updated.

While the S&P 500 index is over-valued with a P/E of 23.4, I take comfort from the fact that many of the stocks on our list have far lower P/E ratios. The weighted average P/E ratio of my own portfolio is 11.0 according to my latest figures.