US 30 Perfect Short: Down to Long TL From 1915Submitted for your consideration and amusement. At the signpost up ahead- the next stop: the Twilight Trading Zone.
The Century TL reaching back to 1915 before US entry into the Great War, projects true US equities valuation at a nominal PE.
Absent FAANG inflation and PEs discounting earnings until the 22nd century, Dow fair value is a little over 2k. A 90% decline in price would return index to long TL!
If you consider this impossible... from 1929 - 1937, US 30 declined 90%, from 391 to 41. Can happen again!
This is definitely NOT investment advice, trade at your own risk and enjoy this hopefully amusing post!
