CONSUMER COMFORT AT HIGHS NOT SEEN SINCE PRIOR TO DOTCOM BUBBLE IMPLOSION

CONSUMER COMFORT AT HIGHS NOT SEEN SINCE PRIOR TO DOTCOM BUBBLE IMPLOSION

The Bloomberg Consumer Comfort Index is presently at highs not seen since prior to the the Dotcom Bubble implosion. The Index has historically been found to be an excellent leading indicator of Forward PE for the S&P 500 however the divergence between the Index and the Forward PE for the S&P 500 has now grown to levels not normally seen.

The only comparison is prior to the 2008 Financial Crisis.