A pesar de q. sigue bajista, ya comienza a ver luz .....
Notes of my 4 most controversial negative catalysts...
1) Recession fear & "valuation re-set" brings 14X next year's $125 EPS = S&P 1750
2) Flash Correction of Aug 24 is "a crime that the market will return to the scene of"
3) Q3 earnings decline of 6% is not yet priced-in to market until S&P 1875
4) Buybacks have exceeded free cash-flow for first time since 2009.
Bottom line: While I am nibbling on select stocks that look like great bargains right now, I am still mighty cautious given how far this correction can extend. So I am saving lots of dry powder. My bet is that a great big "buyable" low is coming to an October near you.
