Markets will correct 50% from today’s close

Both DOW and SPX are down 40% since the call…But looks like we are going even lower.

0.6 Price to Sales on SPX (historical bottoms in 87 and 90) will put SPX at 580

 

Great call!! I hope you made some money.

 

Naaiiiillled it.

Good eyes. Seriously.

 

great call!

but 87 and 90 bottoms have no meaning. too much has changed since then to make direct comparison of the numbers (e.g. did you adjust for inflation?)

 

impressive call IV_Trader.

i hope you were holding lots of otm leaps puts on the indexes. those would easily be a 10-bagger by now.

good job.

 

on the contrary this little guy was clueless then.

 

shortie , P/S is a ratio ; there is no “inflation adjustments”

 

i believe i actually corrected myself in a later post because i thought IV meant IN 2 years as opposed to WITHIN 2 years. Huge difference!

 

Ha , I wish ! I am actually “long” since DOW broke 9k…selling 30d OTM puts. So far so good

 

Can you say what was the P/S ratio for the bottoms of 1937, 1942 and 1974?