Replies to post #323506 on SPDR S&P 500 (SPY)

[Nebuchadnezzar]

I didn't come up with it, I just showed how ridiculous 3350 on S&P 500 is even priced for 2021 earnings of $200 which it won't be.

3350/$165 in earnings (record) would be a PE of 20.3
3350/$150 PE 22

Stimulus or not the market is due for a reality check

Remember, the market is pricing in 2021 earnings at minimum, possibly 2022. ROI going forward for many stocks could be muted