This time is different.
With so many stocks propped up by cheap money, with QT and rate hikes, the equity market as a whole will get massacred.
Techs already got crashed. But then you look at other safe sectors and see these shit stocks with single digit growth with PEs of 30-40 or more. The money mangers "pros" keep buying these stocks and still holding. When they sell, SPY will finally enter bear market territory. The market won't find a bottom until they do.
Here's what gonna happen when the market will bottom, which will happen in 1H 2019: Gaming stocks with PEs of low 20. AMD with PE of 30. Nvidia with PE of 15. Safe stocks such as Healthcare and Consumer Discretionary with PE of 20. Amazon with PE of 50. MSFT with PE of 25. ADBE with PE of 25. MU with PE of 15. WDC with PE of 15.
Submitted December 16, 2018 at 08:22PM by nocehr https://ift.tt/2Bqwi01
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