With forecast S&P500 earnings, as published by the S&P of $42 for 2009, and an average Bear market PE of 8, we will trade at $332 in 2009. How in hell can anyone say we will be up???
Keep Your Seatbelts Fastened - It's Gonna Be a Bumpy Ride [View article]
In August there was many predicting a trip to the 200d ma near 1350 but it only got a smidge passed 1300. Now there is tons of resistance and increasing evidence that earnings will be worse as well as the economy going forward. There are no new buyers, just traders covering shorts.
1200 will be tested again for the 4th time, and this time it will fail.
The SP500 is on it's way to 600 as earnings are collapsing in every sector, and earnings drive prices. $50 in earnings in 2009 at 12 PE is 600 my friend.
Why This Rally Will Continue [View article]
Pullback Time? There's No Better Predictor than Credit Spreads [View article]
'Official' 2009 Strategist S&P 500 Price Targets [View article]
Who pays these clowns?
More on the S&P 500's 50-Day Moving Average [View article]
Percentage of Stocks Above 50-Day Moving Averages [View article]
S&P 500 and the Financials [View article]
Keep Your Seatbelts Fastened - It's Gonna Be a Bumpy Ride [View article]
1200 will be tested again for the 4th time, and this time it will fail.
Expect the Real Rally by Mid-2009 [View article]
The SP500 is on it's way to 600 as earnings are collapsing in every sector, and earnings drive prices. $50 in earnings in 2009 at 12 PE is 600 my friend.