Them boyz playing a game with everyone. The purpose of putting world economy thru 40-year high inflation is... Simply to make everyone think SP500 3000-4000 is cheap. A couple of years ago, everyone would have thought 4000 was the top. BUT... Oh, everything is priced so high now, 3000-4000 must be normal. Them boyz doing everything they can to convince people the market TOP is "low". My target: SP500 1700 by next March...
%% LOL\ it is cheap\ but in benchmarks like SPY $170 is the right direction= cheaper $00.43 in SPY\1933 is cheaper also. BUT i like our benchmark much better to sell + buy\+ repeat than the chicoms. WSJ did an old article about chicoms killed all the sparrows so they would not eat a few grains\OOOOOOOOOOOOOOOOOOOOOOps, a plague of grasshoppers excited with no sparrow enemies\ ate all the grain + 30 million chicoms became like dead ducks
So many of you are spectacularly wrong on your forecasts. It is really, really hard to miss a forecast on SPX by 70-120% but many on here have. Calhoun for example was confident of <2200 by August 2022. SPX 3600 isn't "cheap" but it's no worse then fairly priced given current metrics. 1700 you are expecting investors and companies to make horrible long term decisions to satisfy your greed as a trader. What could go wrong lol . Conspiracy theory belief and greed are a bad combo.