It’s again quite simple. 8892 is only 10% lower from here. That’s just still not enough PE compression. We are still up 525% since January 2010. That’s ridiculous. Purely liquidity melt-up not based on any fundamentals. Earnings were also a garage.. If you know this now you’ll take the red pill and understand how Marcus will work going forward and how they always should have worked. Not 0% rates and unlimited quantitive, easing or QE . QT will be massive and constant for years. With rate hikes for foreseeable future. Period. At best. $200 a share for the S&P. Morgan Stanley had it at $190 a share. $200 a share X 14X equals 2800. Now that’s at best. On Nasdaq. Ultimately. After this failed 15 year fed experiment. And PPI sand CPI much higher than anything reported tomorrow or anytime, this will be an extremely deep recession. And 15-20% chance of a depression.
Fed funds rate must be above the CPI rate. This is economics 101. Terminal rate will be north of 7%. Not 4%. The Fed will not stop. No matter what, so follow these “God Fibonacci levels” to the tee. Because the market probably has 20% more to fall at a minimum. And then you can talk about at least being somewhat close to properly priced. Everything is overvalued, especially the NASDAQ, which is the worst and S&P. be smart. Energy. Some healthcare, And qqq puts and spy puts. Nov/December time frame. Very important to have a good amount of QQQ and SPY puts. This is what the revenues are made. To hedge your portfolio and gain from times once in every hundred years a lottery ticket. Watch implied Vol. so you don’t over pay. And for godsakes, SELL EVERY SINGLE RALLY WITHOUT HESITATION. EVERY RALLY. Good luck
Fed funds rate must be above the CPI rate. This is economics 101. Terminal rate will be north of 7%. Not 4%. The Fed will not stop. No matter what, so follow these “God Fibonacci levels” to the tee. Because the market probably has 20% more to fall at a minimum. And then you can talk about at least being somewhat close to properly priced. Everything is overvalued, especially the NASDAQ, which is the worst and S&P. be smart. Energy. Some healthcare, And qqq puts and spy puts. Nov/December time frame. Very important to have a good amount of QQQ and SPY puts. This is what the revenues are made. To hedge your portfolio and gain from times once in every hundred years a lottery ticket. Watch implied Vol. so you don’t over pay. And for godsakes, SELL EVERY SINGLE RALLY WITHOUT HESITATION. EVERY RALLY. Good luck