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If that really was the bottom (which I expect we'll be revisiting), what was the cyclically-adjusted P/E at that point?


Between 1929 and 1932 the DOW had 7 bear rallies between 11% and 39% ...of course none of them were "exactly" 4 weeks.

This is nearly meaningless analysis ...misleading at best.

The previous post nailed it ...the current 4 quarter trailing PE estimate for next quarter is 200! It has never been anywhere near that high anytime in history.

I think this rally has more steam, but we at least retest 666 ...maybe plunge further.

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