but first |
2.88 |
Jump to 4.08 |
|
|
correction in the first half of this |
4.0 |
Jump to 29.92 |
DATE
the first half of this
|
|
10 or so the s p 500 not down as much as |
4.479 |
Jump to 33.92 |
|
|
of 2021 i think it took on another |
5.039 |
Jump to 61.12 |
|
|
that's really part of our two stage |
4.88 |
Jump to 89.04 |
|
|
some of that the second part of the |
3.36 |
Jump to 109.92 |
|
|
two or three reasons for why we're a bit |
3.68 |
Jump to 127.04 |
|
|
term and the first one of course is that |
4.8 |
Jump to 130.72 |
|
|
fiscal stimulus is fading second one is |
4.08 |
Jump to 133.2 |
|
|
the pandemic and then the third one is |
4.32 |
Jump to 139.44 |
|
|
over by the second quarter i don't know |
3.761 |
Jump to 150.239 |
|
|
another 10 percent downside for the |
2.56 |
Jump to 155.36 |
PERCENT
another 10 percent
|
|
averages still have a good 10 down from |
4.56 |
Jump to 163.44 |
|
|
for a really a pretty good second half |
3.599 |
Jump to 168.0 |
|
|
recovery in the second half of this year |
3.919 |
Jump to 174.4 |
DATE
the second half of this year
|
|
numbers that we know 20 21 times is kind |
4.24 |
Jump to 262.8 |
|
|
of where we're trading on forward 12 |
3.44 |
Jump to 264.96 |
|
|
valuation metric we we think is our 18 |
3.92 |
Jump to 270.4 |
|
|
models that tell us that 18 times is the |
3.92 |
Jump to 278.32 |
|
|
way i think about it over the next six |
2.72 |
Jump to 381.28 |
|
|
rates four times and you know what so |
3.6 |
Jump to 386.319 |
|
|
what we see the nasdaq down about 10 |
3.68 |
Jump to 388.0 |
|
|
where it was two or three months ago but |
3.84 |
Jump to 412.639 |
DATE
two or three months ago
|
|
for a better part of 15 years has done |
4.481 |
Jump to 416.479 |
|
|
than they dreamed of that's good on one |
4.641 |
Jump to 447.919 |
|
|
being at 180 today or 175 it's where our |
5.521 |
Jump to 464.319 |
|
|
rates going to be in five years right |
4.399 |
Jump to 467.36 |
|
|
10 years and i would say the odds of |
4.16 |
Jump to 478.319 |
|
|
capital being higher over the next 10 |
3.761 |
Jump to 482.479 |
|
|
year-end target for the s p is 4 400. |
3.84 |
Jump to 501.52 |
|
|
investable time frame call it three to |
3.28 |
Jump to 530.16 |
|
|
five years are still going to be the |
3.28 |
Jump to 531.92 |
|
|
the better part of two or three years |
3.201 |
Jump to 539.519 |
|
|
getting about a two percent dividend |
3.52 |
Jump to 548.56 |
|
|
are paying dividend yields at three four |
3.199 |
Jump to 552.08 |
|
|
five percent they're growing so that's |
3.68 |
Jump to 553.36 |
|
|
right about the second half of this year |
4.32 |
Jump to 574.8 |
|
|
so we just think that this one you know |
5.52 |
Jump to 576.16 |
|
|
second half of the year can't get here |
3.439 |
Jump to 592.08 |
|
|