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
 
Quote from IV_Trader:

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
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Great call!! I hope you made some money.
 
Quote from IV_Trader:

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
More...

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?)
 
Quote from shortie:

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?)
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shortie , P/S is a ratio ; there is no “inflation adjustments”
:)
 
Quote from crash n burn:

Quote from shortie:

50% UP would be more believable.



on the contrary this little guy was clueless then. :D
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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!
 
Quote from crash n burn:

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

shortie , P/S is a ratio ; there is no “inflation adjustments”
:)
More...
Can you say what was the P/S ratio for the bottoms of 1937, 1942 and 1974?
 
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