What the "q"......................from Rico

Dow 5,000?

 

I'm NOT saying it will happen, but even the FED says it could happen. Their chart is attached.

- They use Tobin's "q" (net asset values adjusted for inflation), and their estimates are that the Dow could hit 70% (12,000), or 57% (9,500), or 30% (5,000).

 

The market down moves of 1921, 1932, 1949, 1974, and 1982 only ended when share valuations reached 30% of the replacement costs of company assets using Tobin's "q".............something worth thinking about over the weekend.

- It will not 'play out' and be settled on Monday or Tuesday, but perhaps in September-October we'll know if the "q" has pegged it again.