S & P 500 Price to Earnings Ratio

Price to Earnings is now at 120 to 1.

A little basic math tells us that by investing in a volatile stock market, we can now earn less than 1% on our investment.

Long term P to E is around 13 to 1 (or 7.7% return on investment)

I don't have the numbers yet on the TSX, but suspect they are only marginally better.

These P to E ratios make gold and GIC's look pretty attractive.