Another killer chart from Bob Bronson:
Since the S&P 500 dividend to earnings payout ratio has skyrocketed to 113% with dividends being cut at a record pace, the price-to-dividend ratio high for both the coming Supercycle Bear Market low and for the eventual end of the Supercycle Winter Period remains as elusive to panicking investors as the price-to-earnings ratio low. But we have reversion-to-the-extreme estimates.
click for bigger chart
S&P 500: $16.6 billion in dividend cuts in first quarter
Dow Jones Industrial Average has worst weekly loss since Oct. 10
MarketWatch, 4:45 PM ET Feb 20, 2009