PILOT SPIN
Spin Zone => Spin Zone => Topic started by: President-Elect Bob Noel on September 27, 2022, 10:24:39 AM
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As our economy craters (thanks to the 20,000,000 zombies that voted democrat as well as the clown's AWESOME plan to fight inflation), I'm just wondering how low the Dow will get...
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That's a great question. I think the stock market is way late for a major correction but it is artificially high due to the massive influx of government (ha!) money. Now that tap has been shut off, the correction will come. But! with interest rates very high rich(er) people won't be buying second houses so they have to dump their money somewhere. Stocks may be it for a while. Dunno.
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Historical average and median composite S&P 500 PE ratio suggests to me that the Dow composite index could drop below 25,000 and still be considered fairly valued. However, that low is unlikely before the election. So I picked below 29,000 and almost selected 27,000. I suspect in the next 6 months it could go below 25,000. I would not expect it to stay at its low for very long, wherever that may be.