The Silver Analyst

The 'W' Shaped Recovery: How to Position Your Portfolio

We have our W shaped recovery since equities have been in a bear market since 2000. A double bottom in 2003 and 2009 seems a launch pad to me.

V Bottoms and the Twin-Peaked Bear

Well thanks for your comments. The final bottom is approaching, it could be nearer to 500 but that would not appear to be a target that would take long to hit before the rebound.

I wonder how doom and gloom the punters were back in late 1974? Probably also in depression mode looking for a double digit S&P500. Doesn't matter if it is inflationary or deflationary, all that matters is valuation overshoot. A drop to single digit P/Es is not that far away.