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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (34266)8/23/2021 11:46:11 AM
From: Lee Lichterman III  Read Replies (2) of 97852
 
Yes, trend wise. We're right in the middle of the channel so like I said, we have plenty of room for the upside. On the other hand, we were already at full valuation before expectations of rates rising along with GDP growth being revised down.
Schiller's PE is stretched way out of whack. The only thing I can figure is the market is expecting Delta to hit hard prompting more stimulus this winter. Nothing else makes sense at these extreme valuations.
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