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Re: Despite "The Biggest F##king Bailout Ever" This Analyst Says S&P Will Drop 80% 

By: ribit in POPE IV | Recommend this post (2)
Sat, 11 Jun 16 9:55 PM | 40 view(s)
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Msg. 07500 of 47202
(This msg. is a reply to 07486 by micro1)

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...the current market is like a leaky condom. More AIR isnt the solution.




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The above is a reply to the following message:
Despite "The Biggest F##king Bailout Ever" This Analyst Says S&P Will Drop 80%
By: micro1
in POPE IV
Sat, 11 Jun 16 10:53 AM
Msg. 07486 of 47202

Calling for an 80 percent drop in the S&P 500 is a bold claim, one that not too many people would make, unless they were convicted in their belief. Meet Etai Friedman, CEO of Eyal Capital Management, formerly of MKM Partners and Steve Cohen's SAC Capital. Etai points to an oft-used metric, Tobin's Q, to state part of his case in a series of articles describing his extremely bearish outlook of the U.S. economy.

If you missed class on the day your finance professor reviewed Tobin's Q, here's a quick breakdown. "The Q Ratio" was developed by James Tobin, an American Economist, who was awarded a Nobel Prize for his work in Economics. It's actually a fairly straightforward equation: You take the total market value of the market, plus liabilities, and divide it by the book value of the market, plus liabilities.

http://www.zerohedge.com/news/2016-06-10/despite-biggest-fking-bailout-ever-analyst-says-sp-will-drop-80


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