Mungofitch recommended QQQE as a way to play the growth comeback should the bottom indicator trigger. He liked the returns in the mid-$60 range, but now we are seeing it at under $60 today! I calculated that the current PE of the entire index is around 23 times eps. This seems entirely reasonable to me, so I’ve started a small position. If it gets under 20 times eps I will be tempted to take a significant position.
Agree. I bought QQQE as well in late June at $62 as I believe Jim related it’s average annual return may be inflation + 8% or so. He felt it was not cheap here but at least a reasonable valuation and had better valuation/ projected returns vs. RSP (as I understood his posts).