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« Signs of Health in the Credit Markets | Main | Nicholas Financial's Earnings » May 7, 2008 The Cyclicals are Still OverpricedHere's a look at something I wrote a lot about last year, it's the ratio of the Morgan Stanley Cyclical Index (^CYC) to the S&P 500 (^GSPC):
The ratio peaked on July 19 and started falling for the next few months. It eventually reached a bottom on January 9 and has been steadily climbing ever since. Posted by edelfenbein at May 7, 2008 12:38 PM |
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