Hi Guys,
Long time member, now infrequent poster.
I was wondering if anyone here had a view on the S&P 500 and possible downside targets.
Logic for my short position: The problems with the financial system were never fixed, debt is as high as ever or higher, fundamentals look no better, PE ratios in the housing market are high, and general bad sentiment seems to be seeping into the mainstream media. The central bank is in a worse position to react now because interest rates are lower than they were in 2008/9 and QE less likely.
My thoughts on a target: The lows of early 2009. So about 800. Nothing has changed, everything is worse than it was back then.
So, change my mind, Tell me where I'm wrong, offer your thoughts on the target.
Very interested to hear responses!
Leon
Long time member, now infrequent poster.
I was wondering if anyone here had a view on the S&P 500 and possible downside targets.
Logic for my short position: The problems with the financial system were never fixed, debt is as high as ever or higher, fundamentals look no better, PE ratios in the housing market are high, and general bad sentiment seems to be seeping into the mainstream media. The central bank is in a worse position to react now because interest rates are lower than they were in 2008/9 and QE less likely.
My thoughts on a target: The lows of early 2009. So about 800. Nothing has changed, everything is worse than it was back then.
So, change my mind, Tell me where I'm wrong, offer your thoughts on the target.
Very interested to hear responses!
Leon
Living the adventure in my head.