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A Sunday Chart
October 12th, 2008 at 11:02am · 2 Comments
I made this chart today for the report I’m working on, but it just begged to be posted on the blog now.
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2 responses so far ↓
1 molecool // Oct 12, 2008 at 2:10 pm
That’s pretty much it. Also matches Prechter’s (and my own) wave analysis. BTW, I did buy your book was tough to get) and would be curious as to what the gap is between your work back then and additional discoveries you’ve made in past years.
2 IRL // Oct 13, 2008 at 8:22 am
Let’s assume earnings only fall by 50% in the coming recession/depression (which is probably optimistic). This means the S+P need only fall to 200-250 to bring PEs from 20 to 10. Oh dear!
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