ES Journal - 2021/2022

So far it's somewhat disappointed for bears as the drop isn't a big one this morning as expected. The day is still young...

Anyway, I already got out of my short trade. Holding nothing right now.

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bump from 1/27/22


Last week I was trying to determine "fundamentally" what was a fair value for SP500 cash index. This is what I found on the internet.

Historically since 1990 the average PE multiple is around 23.4 - 4517
Historically since 1950 the average PE multiple is around 17.9 - 3456
Historically all time the average PE multiple is around 15.7 - 3031

the figure I found for trailing earnings was 193.06 which gives the corresponding index values.

We're back..................
 
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