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BUnd, Bond e la bbband degli energumeni canuti VM13
ho ... guarda chi si rilegge. ... fleur il t-bronx mi stà facendo sudare freddo in questi giorni ... è una vera rekkia, dai che forse con oggi si inizia a vedere un poca di luce.
... oggi vi ho traditi, qua non c'era nessuno ... discussione a pag 22 e 23.
- foratura della statica di supporto da confermare
- Gap da andare a chiudere si situano a 137,375 (137,12) e 135,21875 (135,07)
- supportone di tutto questo rialzo 132
... ma finchè non rompiamo con decisione i 139,90625 (139,29) l'animale rimane ancora in vita.
I 2 gap di prezzo riportati sopra corrispondono ai gap sui rendimenti qui sotto riportati ...
To get more technical, S&P 500 companies as a group earned $45.95 a share in the four quarters ending Sept. 30, down $78.60 from a year earlier, and the average price-earnings multiple was 22. If earnings fall 10%, to $41.35, and the P/E multiple slips to 15, as expected, the index will close next year at 620, or 30% below today's level. That seems like a reasonable forecast, given what we know now.
Now the somewhat scary thing is that even if you are pretty bullish, it's hard to come up with a target for next year that's very exciting:
Say you figure that earnings will rebound 15% and investors will decide to pay a 20 multiple. That would be $53 in earnings per share, times 20, or 1,060. That level is 19.5% higher than where we are today, which is great, but in terms of time it gets you back only to the start of October.
Now say you figure earnings can grow 30% and investors will pay a 21x multiple. That gets you to almost 1,260. This would be a 42% advance but gets you back only to mid-September
The good news? Sure, why not. Let's dream a little. If the S&P 500 rises 20% to 40% next year, then the best sectors and market cap groups would rise 40% to 60%-plus. And if a miracle occurs and fiscal spending actually sparks a recovery, I will point you there without fail. Next week, I'll offer some ideas on what actually could go right and how to plan for it with a small part of your portfolio.