[rxchen2]

Well, of course we have no idea whether Yardeni was talking casually to an interviewer when he made the comment. Was he thinking out loud with an off the cuff remark, or had he given the subject enough thought/analysis and somewhat deliberately stated ‘double [the usual 15]?’

SPX 4000 – why not? That’s about a +30% gain from here.

Why pay 30x earnings to own stock? I think it comes down to supply and demand. If PE ratios for individual stocks can rise to unimaginable levels, then why not PE ratios for sectors/ indices?

[rxchen2]

Rally losing steam ~750 am. My take? It’s a good buy/ add point.

[rxchen2]

https://twitter.com/bullmarketsco/status/1271394344755515393

‘38% of S&P 500 stocks have triggered a MACD sell signal. A significant number of stocks are rolling over. (This is happening in the NASDAQ 100 and Composite as well)

Similar large spikes led to further S&P pullbacks and more volatility, particularly in recent years.’

Exactly the kind of tweet that intensifies fear among traders already predisposed to sell.

[Author]

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