I won't trade on this put it is on my mind and I want to give it a little respect besides lots of TA pointing in the area of the result as many of you mentioned.
If one was to assume a 30% drop in SPX earnings for 2009 the result would equal about $42.
fair P/E for 100 years =14
14x42= 588 and that is just for fair value. I would think that since none of the secular bear markets has ever terminated at fair value...well you know.
Hey but what ever porky does I will trade it in the ST. One day it will be nice to be long term positive and give it respect. We been in fantasy land for 12 years on a LT basis. Not that that matters to most of us lol just something to think about down the road of reality.
Happy New Year to all and specially staff to have such a great site.
Z
Maybe, Maybe Not
Started by
zoropb
, Dec 31 2008 08:02 PM
2 replies to this topic
#1
zoropb
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- Traders-Talk User
- 8,392 posts
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Posted 31 December 2008 - 08:02 PM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#2
vitaminm
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- Traders-Talk User
- 6,701 posts
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Posted 31 December 2008 - 10:34 PM
One day it will be nice to be long term positive and give it respect............
Those days are gone for fantacy land!
The greed built with ultra funds may not let this happen!
vitaminm
#3
zoropb
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- Traders-Talk User
- 8,392 posts
Member
Posted 01 January 2009 - 08:23 AM
One day it will be nice to be long term positive and give it respect............
Those days are gone for fantacy land!
The greed built with ultra funds may not let this happen!
Well I guess one can print press to another rally worth 1/3 less like the last 2002 to 2007.
The issues in this mess trump all others in this century.
ST
Well we could go up but I think we at least get a move to 886+- first.
My position is within cents of the high so if we get there before cracking 895 then I am out.
Z
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
