the DOW RSI is at 18.48, it is lower than GFC at it's worst, anything lower than 40 is oversold, yet it is less than half of that. I would like your take on that Martis,
PE's are around 12 in the US, very low, many US companies are doing fair at worst, some pretty good, with extremely low PE's,
A lower US dollar will help, don't forget Japan tried to get their Yen lower, spent the most in history trying to get it down, this is a period where no country want a strong currency in order to be more competitive,.
China has very reluctantly let their currency rise against the US not because they wanted to but in my view for the good of the world economy,
for what it is worth, and many will have a stab at this, it could go a little lower but then I see a strong bounce. maybe to 12k but I hope it goes up there slowly and trades sideways for some time, boring even, maybe hoping for a bit much there.
not for one min though am I saying the world is rosy.
