Replies to post #104482 on Savvy Trades and Investments

[wadegarret]

R59- S&P earnings of $220, suggests a 19 PE

going forward. Seems waaaay too high, assuming we see slowing corporate earnings for the rest of the year at least. However I can plainly see that Q4 2023 is expected to be a huge turnaround qtr to the upside. I guess the markets are pinning their hopes that this will be the case, and that a new bull market will start in Q4. I just think it's really reaching at this point make this assumption, so I remain mostly short.