2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 414.48

+0.7%

Jan 9 4:00 PM EST

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To: Night Trader who wrote (45742)	3/2/2009 12:06:28 PM
From: Night Trader	Read Replies (1) of 219221

S&P now (just above 700) getting close to Tobin's Q average of 691. CAPE (Cyclically Adjusted PE) historical average is higher at 903 and log of current ratio would be -0.24, firmly in long term bargain valuation levels. If Q and CAPE went to mid 70s/ early 80s values (-0.6 on Smither's log scale) we'd see 400-500 on the S&P. My target however is -0.4 (0.67 ratio) of CAPE average: 605. A buyer should make plenty of money long term at that point. smithers.co.uk

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