S&P Target 1600: The P/E Decompression Stampede
What I am smoking? Did I say S&P 1600? Fine, I said it, but I did not say when. Let me guess, 2014? A number of things need to happen by then, and they may not. However, now that my major pivot point of 1194 has been reached…
We will bounce back from 1215-ish on SP500 today down really hard.
Thank you for sharing… Very interesting article
I think we smoked the same pot. My annual analysis – currently – indicates 5 years of uptrend.
Oops! I did it again! I was right! By the way, I smoke those violet ones. Those 5 fingers? I have a pot of it here at home. I did something on twitter last August. My models were ELI and GE. Yahoo! I got it right again! Calls for a celebration!
But given the huge volatility, perhaps only few investors have made long-run bets and most of them emphasize the short-term return at this moment. Obviously the stimulus package has not been digested efficiently in industrial and consumption sector. I would say it’ll still range between 1080 – 1390 (at most) in the next 12 months.
I got it right in less than 3 months last Thursday, October 27, 2011.
you mean so much yet so say so little. Great insight.
I would second your trading range, but I think there now is a strong support in the 1190-1220 area. On the upside, as I said, politics are holding me back.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!