The Surf Report

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"Mr. Dow Jones is Down" turned upside down last night!! This is seriously bad news for the shorts!

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surf:) :D
 
Lets look at the "Downside" depressive scenario. . . non technical analytical valuation bottom:

SP500 Last 12 months earnings from S&P= 16.36+17.02+16.62+15.22 = 65.22

Put a p/e multiple of 10 on the earnings, and the downside is 650 on the SP500 look at the min of the past p/es since 1988 and its 11. . . which equals 700 . . .

a low growth p/e of 8 is also very attainable = 525

so its possible with no more ecnoomic stimulous, that by the end of the year, we are down another 20 - 25% from 850

sportsguy
 
Thanks.


i remain convinced and the research supports that the cash DJIA will not go below 7777.

This area is a brilliant buying opportunity for indexes, averaging in, if you went long earlier. fully committed on this one.

best wishes


surf
 
Quote from marketsurfer:

i remain convinced and the research supports that the cash DJIA will not go below 7777.

This area is a brilliant buying opportunity for indexes, averaging in, if you went long earlier. fully committed on this one.
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Only 50 points to go. One would expect a bounce at least. Hard to believe that we're just going to run away from 8k without a glance back.
 
Quote from marketsurfer:

Thanks.


i remain convinced and the research supports that the cash DJIA will not go below 7777.

This area is a brilliant buying opportunity for indexes, averaging in, if you went long earlier. fully committed on this one.

best wishes


surf
More...

Just curious....what kind of research are you referring to?
 
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