Well shit..... Where's your post then???? I'm looking through your history and not coming up with anything........ You'd think with that much experience you would have been on top of things.
much different than 2000....SP500 P.E. now around 15 in 2000 pe was around 35....i just wonder how much they can wack this...MSFT trading at 16pe....is this gonna be us dollar/credit related trashing?Is this gonna be setting new precedent?Seems like it to me...Like they are ignoring earnings power and are selling on weak dollar and financial mess...
The bull trend which started in 2003 has not even broken its trendline yet. E mini would have to get below 1240 before the trend is broken. When it gets there I will worry about a recession.
Dollar index near the top of the bubble was what? 120. Come down quite a bit since then. In addition, I don't think P/E's mean a whole lot. Who's going to pay a premium when earnings are flat to neg.?
Funny you mention that. Trendlines aren't always all they're cracked up to be.There's no psychological meaning behind them. refer here.... http://www.elitetrader.com/vb/showthread.php?s=&threadid=116853&highlight=trendline
In addition, I don't think P/E's mean a whole lot. Who's going to pay a premium when earnings are flat to neg.?" ya im just saying historically...like bear markets rarely if ever start when sp500pe is this low...hey im no expert just my opinion...
Oh, dont get me wrong, you're actually right. I'm just trying to put another spin on it. We had a huge bubble back in 2000. This time we might be rewriting the story a little bit. Going to be interesting regardless. GL to ya.