Even if I calibrate the model (OFV) to the market, POFVF says we go lower:Quote from nitro:
SPX, 1270.59. FV, 1061.42. OFV, 1194.89. POFVF, 1157.92.
This market must be hanging on by dear life. If the model is wrong, then I have two theories. One is very simple to test since all it involves is a constant. The other is far far more complicated.
Quote from GTS:
What, the model might be wrong!?! Oh my, I'll alert the media.

Quote from nitro:
Another interesting calibration. If I calibrate the model to year end targets (in this case 1350), I get very close to what we are trading now:
SPX, 1270.12. FV, 1063.22. OFV, 1350.29. POFVF, 1277.93
These are all possible equilibrium. I have to think all of this through.
Quote from bc1:
bowwow has the same problem with his model and both of these guys have probably obliterated their dad's accounts. Neither seem to have their own money to trade probably cause they lost it all.
Maybe nine-ender has the ticket here with his reverse numbers. I'd prefer to see those. Just like the odds favor doing the exact opposite of what grandsupercycle says.![]()