With a time-proven bear market low "requirement" of a PE of 8 on forward earnings, and forward earnings expected now to be $50-$60, the S&P500 needs to get under 500 to find a real lasting bottom.
That is much more relevant than trendlines or moving averages.
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With a time-proven bear market low "requirement" of a PE of 8 on forward earnings, and forward earnings expected now to be $50-$60, the S&P500 needs to get under 500 to find a real lasting bottom.
Nov 06 09:27 am
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All Comments by Schweizer »The Obama Bottom [View article]
That is much more relevant than trendlines or moving averages.
It will happen.