Forward PE is down to 28. The average S&P 500 stock is 23. Its hard to imagine a growth stock like Nvidia trading for that low. Bottom should be near.
It needs to hold $113 or it’s going to have another leg down to $100 or $90. Tomorrow will be interesting if the Tariffs are enacted.
That’s the problem. When the market goes into full blown fear, that’s when we will have bottom. Not when everyone hoping tomorrow we are getting the bottom.
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And the markets are only down about 8 percent so this isn’t bad. I would like to see a 15 percent pull back or better. But just watching to see.
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I am actually up YTD. But it feels very frustrating. Mildly angry. Don’t know why… 
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Is it greedy to want 30% pull back?
That would be in the “or better” category, so still consistent with your preference.
Says to self: “Interesting to write that more pull back is better.”
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