My downside $SPX S&P 500 price target range over the next 12-24 months… the only way these will stay accurate is if market shoots for 15x PE (median P/E during rate cycle) .. but some downside targets to keep in mind … looking for a 40 $VIX handle to flush out excess leverage
@Swordfishv44183@YanniTrades Maybe but stock is cheaper than it was in January.. 30x fwd w/ new revisions versus the 43x it was trading at in ja.. <1% of float short.. tough stock to bet against
@Braczyy Consensus is retest lows in Q1. Given this positioning,I think we could trend up to 4,100-4,200 in near term before falling back down..given this, My LT portfolio is 70% long (not adding), 20% cash, 10% short..puts March expiration,I’ll size in more if we trend up /vix goes to 20
@Mr_Chestnut_ @Alex_Morsink @Braczyy Idk the argument but there’s disparity between crypto and equities. Crypto (excl. good blockchain tech) is just air..equities backed by revenue, earnings, products/services, employees, growth, dividends, beta to economic cycles; tangible value not “some day this will do x”
@ChatBolsaCl@Braczyy Ya it’s a cool visual which can create discussion..but ‘08 driven by a massive catalyst (banks) today we see banks in strong financial positions.. I think market will trend down as FY23 earnings revisions, rates,QT bake through market but an ‘08 collapse like event seems unlikely