Churchwork
05-25-2012, 08:28 PM
Louis-Vincent Gave says we are in a bull market and stockmarkets will go up. THe S&P500 is at 1350. I agree earnings are great. Reported earnigs are above $100 now. That's amazing. The PE is only 13.5x. But what would happen if earnings fall down to $50 then the PE will be 27x. At a PE of 10x on $50, the S&P500 will go to 500.
I will go long at 500 on the S&P500 and watch Louis-Vincent Gave lose 63% (1350-500)/1350 of his portfoli and try to get it back after that by trying to make 170% return on his investment (1350/500)
I will go long at 500 on the S&P500 and watch Louis-Vincent Gave lose 63% (1350-500)/1350 of his portfoli and try to get it back after that by trying to make 170% return on his investment (1350/500)