Posted by fredsaid on 24th of Jul 2022 at 05:49 pm
Interesting that SnP would need to drop 925 to get to CAPE 7.
Since my initial price target on the SnP is 3200 (31.8
retrace from high) if I do the math backwards and add 925 to 3200
we get 4125. I'm assuming CAPE would be a a little more if
we're a little higher so 4150-4200 seems like a beauty area to
re-enter a longer term 6-9 months SnP short.
Posted by rmoore100 on 25th of Jul 2022 at 12:45 pm
So just to clarify EdZ, the CAPE information from Michael
Lebowitz indicated, when compared to 1981-1982, an S&P
"drop OF 925" from where we are now, or was he actually
saying a "drop TO 925" on the S&P ?? Thanks
!!!!
Interesting that SnP would need
"Current liquidity conditions dictate conservatism. The Fed is aggressively raising ...
Posted by fredsaid on 24th of Jul 2022 at 05:49 pm
Interesting that SnP would need to drop 925 to get to CAPE 7. Since my initial price target on the SnP is 3200 (31.8 retrace from high) if I do the math backwards and add 925 to 3200 we get 4125. I'm assuming CAPE would be a a little more if we're a little higher so 4150-4200 seems like a beauty area to re-enter a longer term 6-9 months SnP short.
So just to clarify EdZ,
Posted by rmoore100 on 25th of Jul 2022 at 12:45 pm
So just to clarify EdZ, the CAPE information from Michael Lebowitz indicated, when compared to 1981-1982, an S&P "drop OF 925" from where we are now, or was he actually saying a "drop TO 925" on the S&P ?? Thanks !!!!
*38.2 not 31.8.
Posted by fredsaid on 24th of Jul 2022 at 07:51 pm
*38.2 not 31.8.