¿Está la bolsa en EE.UU. en diciembre 2021 sobrevaluada?

palabras claves: acciones, bonos, criptoactivos, dinero, fiat, inflación.

Sí, la bolsa en EE.UU. en diciembre 2021 está sobrevaluada.

La conocida Relación Precio / Beneficio (Price to Earnings Ratio) de Robert Shiller así lo indica (línea azul en el gráfico abajo). De hecho, ya casi estamos a niveles de la crisis de las “.com” (pico máximo); y seguramente lo superaremos poco antes de que la FED aumente su tasa de interés a finales del primer trimestre de 2022.

La línea naranja es una corrección hecha por mí. Básicamente, me apalanco sobre la norma histórica del 11% del ratio base monetaria sobre liquidez monetaria, para intentar extraer el efecto del Quantitative Easing; lo anterior, para dejar claro que la sobrevaluación bursátil se debe precisamente a esta política laxa, y que la caída de los mercados será importante una vez empiece la FED a subir los tipos de interés. Los inversores liquidarán posiciones en el mercado bursátil, de commodities y de criptoactivos y la FED responderá vendiendo gradualmente los bonos del Tesoro de EE.UU. que de largo plazo ha venido acumulado en los últimos 14 años, precisamente gracias al Quantitative Easing .

MesRelación Precio / Beneficio
(Price to Earnings Ratio)
de Robert Shiller
2-187110.92
3-187111.19
4-187112.05
5-187112.59
6-187112.59
7-187112.27
8-187112.55
9-187112.31
10-187111.47
11-187111.60
12-187111.59
1-187211.90
2-187211.96
3-187212.18
4-187212.25
5-187212.28
6-187212.27
7-187212.38
8-187212.13
9-187211.83
10-187212.13
11-187211.71
12-187212.17
1-187312.25
2-187312.05
3-187311.95
4-187311.78
5-187312.05
6-187312.22
7-187312.16
8-187312.12
9-187311.16
10-187310.40
11-187310.31
12-187310.96
1-187411.33
2-187411.63
3-187411.43
4-187411.26
5-187411.02
6-187411.19
7-187411.07
8-187411.14
9-187411.28
10-187411.40
11-187411.56
12-187411.45
1-187511.41
2-187511.35
3-187511.48
4-187511.51
5-187511.33
6-187511.28
7-187511.29
8-187511.24
9-187511.24
10-187511.06
11-187511.34
12-187511.45
1-187611.79
2-187611.96
3-187611.95
4-187611.63
5-187611.63
6-187611.88
7-187611.75
8-187611.18
9-187610.42
10-187610.20
11-18769.94
12-18769.74
1-18779.52
2-18779.23
3-18779.20
4-18778.31
5-18778.18
6-18778.05
7-18778.35
8-18779.29
9-18779.99
10-187710.22
11-187710.27
12-187710.25
1-187810.57
2-187810.45
3-187810.88
4-187811.29
5-187811.71
6-187812.21
7-187812.31
8-187812.06
9-187812.30
10-187812.28
11-187812.37
12-187812.58
1-187912.87
2-187913.18
3-187913.09
4-187913.66
5-187914.25
6-187914.45
7-187914.54
8-187914.61
9-187914.59
10-187915.29
11-187915.26
12-187914.77
1-188014.87
2-188015.12
3-188015.23
4-188015.46
5-188014.63
6-188014.95
7-188015.59
8-188016.10
9-188015.86
10-188016.26
11-188016.87
12-188017.33
1-188118.47
2-188118.15
3-188118.28
4-188117.95
5-188118.88
6-188119.04
7-188118.11
8-188117.28
9-188116.72
10-188116.25
11-188116.48
12-188115.96
1-188215.68
2-188215.15
3-188215.08
4-188214.92
5-188214.56
6-188214.33
7-188215.23
8-188215.53
9-188216.07
10-188215.76
11-188215.19
12-188215.38
1-188315.27
2-188314.75
3-188315.05
4-188315.47
5-188315.33
6-188315.91
7-188315.96
8-188315.20
9-188315.49
10-188315.05
11-188315.41
12-188314.89
1-188414.43
2-188414.80
3-188414.73
4-188414.35
5-188413.46
6-188412.90
7-188413.05
8-188413.86
9-188413.57
10-188413.28
11-188413.31
12-188413.43
1-188513.13
2-188513.39
3-188513.74
4-188513.54
5-188513.71
6-188513.97
7-188514.33
8-188515.13
9-188515.11
10-188515.98
11-188516.83
12-188516.31
1-188616.70
2-188617.01
3-188616.84
4-188616.81
5-188616.87
6-188617.82
7-188617.85
8-188617.72
9-188618.14
10-188618.55
11-188618.96
12-188618.20
1-188717.52
2-188717.12
3-188717.47
4-188717.82
5-188718.07
6-188717.71
7-188717.42
8-188716.74
9-188716.67
10-188715.88
11-188715.95
12-188715.45
1-188815.36
2-188815.41
3-188814.80
4-188815.02
5-188815.38
6-188815.08
7-188815.27
8-188815.60
9-188815.98
10-188815.72
11-188815.22
12-188814.94
1-188915.81
2-188916.19
3-188916.07
4-188916.05
5-188916.92
6-188917.22
7-188916.89
8-188917.14
9-188917.34
10-188917.05
11-188916.90
12-188916.61
1-189017.22
2-189017.03
3-189016.90
4-189017.26
5-189017.78
6-189017.68
7-189017.58
8-189016.60
9-189016.16
10-189015.48
11-189014.74
12-189014.44
1-189115.43
2-189115.47
3-189115.06
4-189115.40
5-189115.57
6-189115.66
7-189115.61
8-189116.16
9-189117.72
10-189117.72
11-189117.66
12-189118.20
1-189219.01
2-189219.03
3-189219.73
4-189219.95
5-189219.92
6-189219.77
7-189219.22
8-189219.20
9-189218.69
10-189219.03
11-189218.46
12-189218.02
1-189317.65
2-189317.13
3-189316.90
4-189317.10
5-189315.79
6-189315.42
7-189314.35
8-189314.58
9-189315.02
10-189315.27
11-189315.93
12-189315.62
1-189415.74
2-189416.19
3-189417.18
4-189417.42
5-189416.80
6-189416.60
7-189416.28
8-189416.45
9-189416.53
10-189416.51
11-189416.55
12-189416.66
1-189516.51
2-189516.32
3-189516.35
4-189516.39
5-189517.07
6-189517.21
7-189517.54
8-189518.08
9-189518.20
10-189517.95
11-189517.35
12-189516.54
1-189616.58
2-189617.50
3-189617.22
4-189617.65
5-189617.84
6-189617.78
7-189616.64
8-189615.70
9-189616.55
10-189616.44
11-189617.09
12-189616.50
1-189717.03
2-189716.90
3-189716.96
4-189716.71
5-189717.05
6-189717.85
7-189718.65
8-189718.99
9-189719.36
10-189719.03
11-189718.36
12-189718.75
1-189819.25
2-189818.91
3-189818.03
4-189817.70
5-189817.60
6-189819.53
7-189819.86
8-189820.55
9-189820.45
10-189819.95
11-189820.53
12-189821.39
1-189922.92
2-189923.04
3-189923.27
4-189923.16
5-189922.10
6-189921.20
7-189921.57
8-189921.72
9-189920.60
10-189920.15
11-189920.21
12-189918.51
1-190018.67
2-190018.71
3-190018.78
4-190018.95
5-190018.41
6-190017.99
7-190017.70
8-190018.07
9-190017.35
10-190018.10
11-190019.42
12-190020.75
1-190120.97
2-190121.69
3-190122.36
4-190124.40
5-190123.06
6-190125.23
7-190123.15
8-190123.07
9-190122.60
10-190122.26
11-190122.37
12-190121.69
1-190222.34
2-190222.46
3-190222.41
4-190222.83
5-190222.42
6-190221.97
7-190222.40
8-190223.17
9-190222.87
10-190220.62
11-190220.41
12-190219.64
1-190320.32
2-190320.11
3-190319.89
4-190318.99
5-190318.96
6-190317.83
7-190316.93
8-190316.31
9-190315.65
10-190315.26
11-190315.40
12-190316.04
1-190415.86
2-190415.02
3-190415.09
4-190415.56
5-190415.52
6-190415.47
7-190416.03
8-190416.31
9-190416.74
10-190417.63
11-190418.07
12-190418.16
1-190518.46
2-190519.17
3-190519.84
4-190519.49
5-190518.63
6-190518.73
7-190519.20
8-190519.58
9-190519.74
10-190519.89
11-190519.45
12-190519.57
1-190620.13
2-190619.86
3-190619.26
4-190618.87
5-190618.06
6-190618.18
7-190618.19
8-190618.96
9-190619.21
10-190618.10
11-190618.14
12-190617.67
1-190717.22
2-190716.22
3-190714.69
4-190714.68
5-190713.80
6-190713.14
7-190713.58
8-190712.51
9-190712.33
10-190710.84
11-190710.60
12-190711.34
1-190811.90
2-190811.56
3-190811.99
4-190812.45
5-190813.08
6-190813.05
7-190813.35
8-190813.89
9-190813.71
10-190813.69
11-190814.44
12-190814.58
1-190914.77
2-190914.17
3-190914.33
4-190914.64
5-190914.96
6-190915.04
7-190915.23
8-190915.43
9-190915.25
10-190914.99
11-190914.74
12-190914.75
1-191014.54
2-191014.00
3-191014.04
4-191013.56
5-191013.57
6-191013.01
7-191012.34
8-191012.75
9-191012.94
10-191013.92
11-191014.16
12-191013.74
1-191114.05
2-191114.73
3-191114.37
4-191114.76
5-191115.05
6-191115.33
7-191115.08
8-191113.91
9-191113.00
10-191113.07
11-191113.73
12-191113.93
1-191213.80
2-191213.53
3-191213.64
4-191213.66
5-191213.65
6-191213.78
7-191213.80
8-191213.99
9-191213.93
10-191213.90
11-191213.75
12-191213.40
1-191313.15
2-191312.68
3-191312.44
4-191312.43
5-191312.22
6-191311.49
7-191311.53
8-191311.85
9-191311.84
10-191311.47
11-191311.07
12-191311.17
1-191411.64
2-191411.91
3-191411.69
4-191411.52
5-191411.48
6-191411.43
7-191410.69
8-191410.49
9-191410.50
10-191410.61
11-191410.52
12-191410.17
1-191510.36
2-191510.33
3-191510.71
4-191511.40
5-191511.03
6-191511.15
7-191511.11
8-191511.58
9-191512.01
10-191512.55
11-191512.86
12-191512.88
1-191612.54
2-191612.35
3-191612.18
4-191611.91
5-191612.03
6-191612.00
7-191611.79
8-191611.73
9-191611.94
10-191612.05
11-191612.05
12-191611.41
1-191710.99
2-191710.06
3-191710.33
4-19179.64
5-19179.14
6-19179.15
7-19179.00
8-19178.57
9-19177.95
10-19177.39
11-19176.75
12-19176.41
1-19186.64
2-19186.78
3-19186.69
4-19186.52
5-19186.58
6-19186.50
7-19186.37
8-19186.30
9-19186.15
10-19186.29
11-19186.33
12-19186.13
1-19196.10
2-19196.24
3-19196.36
4-19196.46
5-19196.83
6-19197.02
7-19197.05
8-19196.48
9-19196.56
10-19196.79
11-19196.47
12-19196.16
1-19205.99
2-19205.46
3-19205.80
4-19205.60
5-19205.19
6-19205.04
7-19205.08
8-19205.02
9-19205.30
10-19205.35
11-19205.13
12-19204.78
1-19215.12
2-19215.27
3-19215.19
4-19215.30
5-19215.61
6-19215.22
7-19215.20
8-19215.16
9-19215.38
10-19215.48
11-19215.84
12-19216.11
1-19226.29
2-19226.46
3-19226.82
4-19227.27
5-19227.59
6-19227.56
7-19227.60
8-19228.02
9-19228.27
10-19228.43
11-19228.00
12-19227.96
1-19238.15
2-19238.53
3-19238.70
4-19238.37
5-19238.00
6-19237.67
7-19237.35
8-19237.44
9-19237.46
10-19237.32
11-19237.55
12-19237.81
1-19248.07
2-19248.16
3-19248.06
4-19247.92
5-19247.90
6-19248.05
7-19248.38
8-19248.72
9-19248.58
10-19248.42
11-19248.89
12-19249.31
1-19259.69
2-19259.83
3-19259.52
4-19259.48
5-19259.73
6-19259.80
7-19259.96
8-192510.11
9-192510.36
10-192510.72
11-192510.89
12-192511.15
1-192611.34
2-192611.39
3-192610.71
4-192610.40
5-192610.58
6-192611.20
7-192611.87
8-192612.49
9-192612.69
10-192612.43
11-192612.62
12-192613.01
1-192713.19
2-192713.63
3-192714.03
4-192714.49
5-192715.00
6-192715.12
7-192715.82
8-192716.86
9-192717.82
10-192717.54
11-192718.13
12-192718.65
1-192818.81
2-192818.87
3-192819.94
4-192821.26
5-192821.83
6-192820.91
7-192821.08
8-192821.76
9-192823.00
10-192823.58
11-192825.12
12-192825.30
1-192927.08
2-192927.13
3-192927.68
4-192927.57
5-192927.70
6-192927.94
7-192929.93
8-192931.48
9-192932.56
10-192928.96
11-192921.17
12-192922.01
1-193022.31
2-193023.70
3-193024.59
4-193025.84
5-193024.31
6-193021.87
7-193021.55
8-193021.30
9-193021.07
10-193018.21
11-193016.94
12-193016.06
1-193116.71
2-193118.16
3-193118.58
4-193116.87
5-193115.40
6-193115.06
7-193115.52
8-193115.01
9-193112.82
10-193111.15
11-193111.42
12-19319.31
1-19329.31
2-19329.34
3-19329.41
4-19327.19
5-19326.39
6-19325.57
7-19325.84
8-19328.83
9-19329.76
10-19328.48
11-19328.46
12-19328.26
1-19338.73
2-19337.83
3-19337.87
4-19338.72
5-193311.25
6-193313.10
7-193313.75
8-193313.00
9-193312.92
10-193311.70
11-193312.01
12-193312.28
1-193413.03
2-193413.93
3-193413.25
4-193413.52
5-193412.18
6-193412.29
7-193411.74
8-193411.32
9-193410.91
10-193411.11
11-193411.45
12-193411.64
1-193511.50
2-193511.09
3-193510.40
4-193511.10
5-193511.99
6-193512.54
7-193513.20
8-193514.11
9-193514.42
10-193514.83
11-193516.13
12-193516.16
1-193617.09
2-193618.10
3-193618.66
4-193618.72
5-193617.75
6-193618.39
7-193619.36
8-193619.62
9-193619.86
10-193620.91
11-193621.50
12-193621.13
1-193721.62
2-193722.24
3-193722.04
4-193720.56
5-193719.47
6-193718.71
7-193719.65
8-193719.81
9-193716.85
10-193714.36
11-193713.16
12-193713.01
1-193813.51
2-193813.26
3-193812.38
4-193811.79
5-193811.99
6-193812.29
7-193814.77
8-193814.90
9-193814.28
10-193816.06
11-193816.15
12-193815.76
1-193915.60
2-193915.66
3-193915.73
4-193913.92
5-193914.50
6-193914.83
7-193915.27
8-193915.12
9-193916.45
10-193916.82
11-193916.60
12-193916.28
1-194016.38
2-194016.22
3-194016.17
4-194016.37
5-194014.14
6-194012.84
7-194013.37
8-194013.65
9-194014.21
10-194014.33
11-194014.64
12-194013.91
1-194113.90
2-194113.00
3-194112.96
4-194112.43
5-194112.04
6-194112.16
7-194112.74
8-194112.46
9-194112.28
10-194111.58
11-194110.91
12-194110.09
1-194210.10
2-19429.68
3-19429.00
4-19428.54
5-19428.51
6-19428.91
7-19429.15
8-19429.01
9-19429.08
10-19429.60
11-19429.66
12-19429.62
1-194310.15
2-194310.71
3-194310.85
4-194311.04
5-194311.36
6-194311.52
7-194311.77
8-194311.21
9-194311.34
10-194311.19
11-194310.63
12-194310.74
1-194411.05
2-194410.95
3-194411.22
4-194410.94
5-194411.10
6-194411.53
7-194411.74
8-194411.54
9-194411.33
10-194411.58
11-194411.48
12-194411.64
1-194511.96
2-194512.34
3-194512.32
4-194512.63
5-194513.04
6-194513.13
7-194512.87
8-194512.92
9-194513.80
10-194514.37
11-194514.85
12-194515.02
1-194615.62
2-194615.76
3-194615.13
4-194616.04
5-194616.01
6-194615.77
7-194614.51
8-194613.98
9-194611.84
10-194611.39
11-194611.11
12-194611.37
1-194711.47
2-194711.95
3-194711.29
4-194710.90
5-194710.73
6-194711.08
7-194711.70
8-194711.34
9-194710.83
10-194711.13
11-194710.98
12-194710.68
1-194810.42
2-194810.00
3-194810.19
4-194810.78
5-194811.24
6-194811.58
7-194811.13
8-194810.72
9-194810.55
10-194810.83
11-194810.25
12-194810.16
1-194910.25
2-19499.87
3-19499.90
4-19499.78
5-19499.69
6-19499.07
7-19499.61
8-19499.85
9-19499.88
10-194910.17
11-194910.22
12-194910.53
1-195010.75
2-195010.91
3-195010.91
4-195011.18
5-195011.46
6-195011.55
7-195010.54
8-195011.04
9-195011.34
10-195011.66
11-195011.54
12-195011.31
1-195111.90
2-195112.14
3-195111.84
4-195111.95
5-195111.86
6-195111.62
7-195111.78
8-195112.26
9-195112.44
10-195112.31
11-195111.85
12-195112.15
1-195212.53
2-195212.36
3-195212.36
4-195212.24
5-195212.20
6-195212.45
7-195212.67
8-195212.68
9-195212.43
10-195212.13
11-195212.47
12-195212.93
1-195313.01
2-195312.86
3-195312.83
4-195312.16
5-195312.14
6-195311.62
7-195311.75
8-195311.72
9-195311.14
10-195311.39
11-195311.64
12-195311.75
1-195412.00
2-195412.22
3-195412.42
4-195412.91
5-195413.31
6-195413.36
7-195413.83
8-195414.04
9-195414.36
10-195414.62
11-195415.12
12-195415.79
1-195515.99
2-195516.44
3-195516.22
4-195516.69
5-195516.52
6-195517.37
7-195518.45
8-195518.22
9-195518.84
10-195517.77
11-195518.84
12-195518.94
1-195618.29
2-195618.27
3-195619.37
4-195619.37
5-195618.54
6-195618.16
7-195618.86
8-195618.67
9-195617.84
10-195617.42
11-195617.12
12-195617.20
1-195716.72
2-195715.84
3-195715.90
4-195716.12
5-195716.60
6-195716.73
7-195716.87
8-195715.87
9-195715.16
10-195714.15
11-195713.74
12-195713.67
1-195813.79
2-195813.78
3-195813.93
4-195813.91
5-195814.32
6-195814.64
7-195814.96
8-195815.54
9-195815.93
10-195816.56
11-195816.99
12-195817.36
1-195917.98
2-195917.76
3-195918.20
4-195918.43
5-195918.69
6-195918.45
7-195919.09
8-195918.96
9-195918.12
10-195918.02
11-195918.07
12-195918.62
1-196018.34
2-196017.55
3-196017.29
4-196017.43
5-196017.26
6-196017.82
7-196017.38
8-196017.58
9-196017.05
10-196016.61
11-196017.15
12-196017.56
1-196118.47
2-196119.23
3-196119.84
4-196120.38
5-196120.60
6-196120.33
7-196120.15
8-196120.94
9-196120.71
10-196120.92
11-196121.86
12-196122.04
1-196221.20
2-196221.45
3-196221.44
4-196220.66
5-196219.09
6-196216.83
7-196217.14
8-196217.57
9-196217.32
10-196216.74
11-196217.85
12-196218.59
1-196319.26
2-196319.47
3-196319.29
4-196320.15
5-196320.51
6-196320.38
7-196319.97
8-196320.47
9-196320.96
10-196320.89
11-196320.72
12-196321.04
1-196421.63
2-196421.83
3-196422.17
4-196422.42
5-196422.57
6-196422.30
7-196422.98
8-196422.65
9-196422.89
10-196423.21
11-196423.23
12-196422.75
1-196523.27
2-196523.37
3-196523.25
4-196523.42
5-196523.71
6-196522.39
7-196522.30
8-196522.67
9-196523.37
10-196523.78
11-196523.93
12-196523.69
1-196624.06
2-196623.70
3-196622.61
4-196623.11
5-196621.85
6-196621.56
7-196621.38
8-196619.91
9-196619.16
10-196618.83
11-196619.71
12-196619.74
1-196720.43
2-196721.07
3-196721.44
4-196721.69
5-196721.95
6-196721.55
7-196721.80
8-196722.03
9-196722.22
10-196722.07
11-196721.26
12-196721.75
1-196821.51
2-196820.42
3-196819.93
4-196821.28
5-196821.63
6-196822.00
7-196821.75
8-196821.14
9-196821.68
10-196822.00
11-196822.20
12-196822.28
1-196921.19
2-196920.90
3-196920.20
4-196920.43
5-196920.97
6-196919.71
7-196918.68
8-196918.43
9-196918.40
10-196918.45
11-196918.44
12-196917.33
1-197017.09
2-197016.37
3-197016.53
4-197015.87
5-197013.98
6-197013.80
7-197013.73
8-197014.10
9-197014.84
10-197015.06
11-197014.95
12-197015.87
1-197116.46
2-197117.03
3-197117.40
4-197117.92
5-197117.56
6-197117.08
7-197116.89
8-197116.52
9-197116.86
10-197116.43
11-197115.64
12-197116.60
1-197217.26
2-197217.46
3-197217.81
4-197217.92
5-197217.66
6-197217.64
7-197217.40
8-197217.94
9-197217.61
10-197217.53
11-197218.34
12-197218.65
1-197318.71
2-197317.89
3-197317.41
4-197316.94
5-197316.31
6-197315.81
7-197315.89
8-197315.28
9-197315.48
10-197315.91
11-197314.65
12-197313.49
1-197413.53
2-197412.96
3-197413.31
4-197412.55
5-197412.00
6-197411.89
7-197410.39
8-19749.82
9-19748.68
10-19748.74
11-19748.95
12-19748.29
1-19758.92
2-19759.76
3-197510.16
4-197510.23
5-197510.82
6-197511.01
7-197510.90
8-197510.09
9-19759.92
10-197510.33
11-197510.44
12-197510.25
1-197611.19
2-197611.59
3-197611.63
4-197611.69
5-197611.53
6-197611.54
7-197611.76
8-197611.60
9-197611.81
10-197611.35
11-197611.25
12-197611.60
1-197711.44
2-197711.01
3-197710.90
4-197710.64
5-197710.55
6-197710.53
7-197710.57
8-197710.27
9-197710.07
10-19779.77
11-19779.77
12-19779.68
1-19789.24
2-19789.05
3-19788.95
4-19789.26
5-19789.63
6-19789.55
7-19789.43
8-197810.02
9-19789.94
10-19789.53
11-19788.93
12-19789.01
1-19799.26
2-19799.00
3-19799.07
4-19799.13
5-19798.79
6-19798.85
7-19798.83
8-19799.13
9-19799.11
10-19798.68
11-19798.52
12-19798.75
1-19808.85
2-19809.05
3-19808.08
4-19807.84
5-19808.10
6-19808.51
7-19808.88
8-19809.07
9-19809.20
10-19809.36
11-19809.65
12-19809.39
1-19819.26
2-19818.83
3-19819.08
4-19819.09
5-19818.82
6-19818.77
7-19818.45
8-19818.40
9-19817.58
10-19817.65
11-19817.81
12-19817.83
1-19827.39
2-19827.18
3-19826.95
4-19827.26
5-19827.19
6-19826.69
7-19826.64
8-19826.64
9-19827.40
10-19828.00
11-19828.35
12-19828.47
1-19838.76
2-19838.91
3-19839.23
4-19839.53
5-19839.87
6-198310.00
7-198310.01
8-19839.73
9-19839.98
10-198310.00
11-19839.85
12-19839.82
1-19849.89
2-19849.32
3-19849.33
4-19849.31
5-19849.23
6-19849.01
7-19848.87
8-19849.62
9-19849.69
10-19849.60
11-19849.69
12-19849.60
1-198510.00
2-198510.49
3-198510.37
4-198510.40
5-198510.61
6-198510.81
7-198511.00
8-198510.74
9-198510.47
10-198510.55
11-198511.16
12-198511.69
1-198611.72
2-198612.39
3-198613.19
4-198613.55
5-198613.56
6-198613.89
7-198613.62
8-198613.89
9-198613.47
10-198613.43
11-198613.87
12-198614.09
1-198714.92
2-198715.82
3-198716.43
4-198716.20
5-198716.16
6-198716.83
7-198717.31
8-198718.33
9-198717.68
10-198715.53
11-198713.59
12-198713.39
1-198813.90
2-198814.30
3-198814.67
4-198814.43
5-198814.03
6-198814.77
7-198814.61
8-198814.24
9-198814.37
10-198814.81
11-198814.45
12-198814.70
1-198915.09
2-198915.47
3-198915.30
4-198915.69
5-198916.19
6-198916.64
7-198917.01
8-198917.73
9-198917.71
10-198917.64
11-198917.24
12-198917.65
1-199017.05
2-199016.51
3-199016.83
4-199016.81
5-199017.39
6-199017.82
7-199017.75
8-199016.17
9-199015.30
10-199014.82
11-199015.19
12-199015.85
1-199115.61
2-199117.36
3-199117.82
4-199118.16
5-199118.03
6-199118.01
7-199118.10
8-199118.51
9-199118.36
10-199118.35
11-199118.29
12-199118.44
1-199219.77
2-199219.58
3-199219.28
4-199219.30
5-199219.66
6-199219.31
7-199219.62
8-199219.72
9-199219.71
10-199219.37
11-199219.83
12-199220.45
1-199320.32
2-199320.54
3-199320.85
4-199320.46
5-199320.52
6-199320.61
7-199320.56
8-199320.81
9-199320.99
10-199321.11
11-199321.04
12-199321.16
1-199421.41
2-199421.26
3-199420.83
4-199420.05
5-199420.19
6-199420.29
7-199420.07
8-199420.53
9-199420.57
10-199420.39
11-199420.21
12-199419.91
1-199520.22
2-199520.80
3-199521.15
4-199521.64
5-199522.19
6-199522.72
7-199523.37
8-199523.28
9-199523.94
10-199523.93
11-199524.35
12-199525.03
1-199624.76
2-199625.97
3-199625.63
4-199625.42
5-199625.81
6-199625.96
7-199624.86
8-199625.41
9-199625.68
10-199626.48
11-199627.58
12-199627.72
1-199728.33
2-199729.26
3-199728.80
4-199727.58
5-199729.93
6-199731.25
7-199732.76
8-199732.58
9-199732.66
10-199732.90
11-199732.33
12-199733.03
1-199832.86
2-199834.71
3-199836.29
4-199837.27
5-199836.95
6-199836.80
7-199838.26
8-199835.42
9-199833.53
10-199833.77
11-199837.37
12-199838.82
1-199940.57
2-199940.40
3-199941.35
4-199942.70
5-199942.55
6-199942.18
7-199943.83
8-199941.93
9-199941.32
10-199940.55
11-199943.21
12-199944.19
1-200043.77
2-200042.18
3-200043.22
4-200043.53
5-200041.96
6-200042.78
7-200042.75
8-200042.87
9-200041.89
10-200039.37
11-200038.78
12-200037.27
1-200136.98
2-200135.83
3-200132.32
4-200132.17
5-200134.07
6-200133.07
7-200132.16
8-200131.40
9-200127.67
10-200128.58
11-200130.01
12-200130.50
1-200230.28
2-200229.09
3-200230.29
4-200229.01
5-200228.13
6-200226.39
7-200223.46
8-200223.59
9-200222.36
10-200221.96
11-200223.35
12-200223.10
1-200322.90
2-200321.21
3-200321.31
4-200322.43
5-200323.59
6-200324.83
7-200324.87
8-200324.64
9-200325.24
10-200325.68
11-200325.95
12-200326.64
1-200427.66
2-200427.65
3-200426.89
4-200426.90
5-200425.90
6-200426.40
7-200425.70
8-200425.17
9-200425.67
10-200425.41
11-200426.47
12-200427.14
1-200526.59
2-200526.74
3-200526.34
4-200525.41
5-200525.65
6-200526.07
7-200526.29
8-200526.10
9-200525.73
10-200524.88
11-200525.93
12-200526.44
1-200626.47
2-200626.25
3-200626.33
4-200626.15
5-200625.65
6-200624.75
7-200624.70
8-200625.05
9-200625.64
10-200626.54
11-200626.93
12-200627.28
1-200727.21
2-200727.32
3-200726.23
4-200726.98
5-200727.55
6-200727.42
7-200727.41
8-200726.15
9-200726.73
10-200727.32
11-200725.73
12-200725.96
1-200824.02
2-200823.50
3-200822.61
4-200823.36
5-200823.70
6-200822.42
7-200820.91
8-200821.40
9-200820.36
10-200816.39
11-200815.26
12-200815.38
1-200915.17
2-200914.12
3-200913.32
4-200914.98
5-200916.00
6-200916.38
7-200916.69
8-200918.09
9-200918.83
10-200919.36
11-200919.81
12-200920.32
1-201020.53
2-201019.92
3-201021.00
4-201021.80
5-201020.48
6-201019.74
7-201019.67
8-201019.77
9-201020.38
10-201021.24
11-201021.70
12-201022.40
1-201122.98
2-201123.49
3-201122.90
4-201123.14
5-201123.06
6-201122.10
7-201122.61
8-201120.05
9-201119.70
10-201120.16
11-201120.35
12-201120.52
1-201221.21
2-201221.80
3-201222.05
4-201221.78
5-201220.94
6-201220.55
7-201221.00
8-201221.41
9-201221.78
10-201221.58
11-201220.90
12-201221.24
1-201321.90
2-201322.05
3-201322.42
4-201322.60
5-201323.41
6-201322.93
7-201323.49
8-201323.36
9-201323.44
10-201323.83
11-201324.64
12-201324.86
1-201424.86
2-201424.59
3-201424.96
4-201424.79
5-201424.94
6-201425.56
7-201425.82
8-201425.62
9-201425.92
10-201425.16
11-201426.61
12-201426.79
1-201526.49
2-201527.00
3-201526.73
4-201526.79
5-201526.81
6-201526.50
7-201526.38
8-201525.69
9-201524.50
10-201525.49
11-201526.23
12-201525.97
1-201624.21
2-201624.00
3-201625.37
4-201625.92
5-201625.69
6-201625.84
7-201626.69
8-201626.95
9-201626.73
10-201626.53
11-201626.85
12-201627.87
1-201728.06
2-201728.66
3-201729.09
4-201728.90
5-201729.31
6-201729.75
7-201730.00
8-201729.91
9-201730.17
10-201730.92
11-201731.30
12-201732.09
1-201833.31
2-201832.04
3-201831.81
4-201830.97
5-201831.24
6-201831.63
7-201831.89
8-201832.39
9-201832.62
10-201831.04
11-201830.20
12-201828.29
1-201928.38
2-201929.54
3-201929.58
4-201930.13
5-201929.24
6-201929.28
7-201929.99
8-201928.71
9-201929.23
10-201928.84
11-201929.84
12-201930.33
1-202030.99
2-202030.73
3-202024.82
4-202025.93
5-202027.33
6-202028.84
7-202029.60
8-202031.16
9-202030.84
10-202031.28
11-202032.47
12-202033.77
1-202134.51
2-202135.10
3-202135.04
4-202136.72
5-202136.55
6-202136.70
7-202137.44
8-202138.10
9-202138.30
10-202137.67
11-202139.19
12-202139.33