(03-15-2020, 10:32 PM)vbin Wrote: I would still recomend to check what goldman said and why, simple math, they are expecting a 130-140 earning on s&p and to sattle it arround 14 PE. That's ~ 2000. Given the circumstances, 135 earnings on s&p isnt far fetched.Weeks ago I accepted the fact that I was wrong. Earnings will be absolutely devastated for most companies this year. It doesn't affect my long-term investment thesis. The market is not scared, it's terrified. I will buy right through it. I'll never time the bottom. I'm not overly concerned where the bottom is. I am going to start moving my crash fund so I can start averaging it in very soon.
I feel sorry for anyone that was supposed to retire this year. Companies do a horrible job of training their employees how to adjust their allocations. The bull market causes complacency.