In a bear market, the PE valuation based on actual earnings per...

In a bear market, the PE valuation based on actual earnings per share become extremely important.
I am a holder but I am certain as we enter bear market we will see APT SP at $4or $5 at some stage and then when the elastic is stretched too low it will rebound to $80-$100, so will all the US tech stocks.

Based on Elliot wave theory, we will see a correction right now or 2019 then a strong bull run taking ASX/Dow to all time highs.
I think Dow will get to 32K-34K in 2020 and then it will come crashing to half or less that is when APT might come down to $4/$5.

These however are theories which could be wrong. I think one might want to review PE ratios and stocks getting hit hard in the 2008 crash. It gives us an idea what could be the PE valuation of such stocks.

Facebook will be the best buy in months to come, it has strong revenue and earnings.

DYOR