except the s&p is only estimated to make 50-55 bucks in earnings this year., which even at your aggressive multiple - is 1000 and at a more conservative estimate of 10--12X 5 or 600
This HAS to be the bottom!! This dumbass is finally waking up and is about to become a bear. I can see it now, post after post saying "fade this 1000 point rally! We close red today!" Seriously though. This guy is all just an act. Always was, always will be and he has many of you fooled.
My guess is we'll see some sort of bottom in April. He still owns some March calls (even though it's on his sim account), once those calls expire worthless in March the market should rebound (unless he buys April calls but he mentioned that he's all in with those March calls).
Ut oh. Is he capitulating? Might be soon to cover. Waiting for him to get short the "Spooz" for conformation.
www2.standardandpoors.com/spf/xls/index/SP500_EPS_DIV_20090220.XLS As Reported .. 32.41 .. and it probably won't come close