Trading-Stocks.de

Normale Version: Using Zweig’s monetary and momentum models in the modern era
Du siehst gerade eine vereinfachte Darstellung unserer Inhalte. Normale Ansicht mit richtiger Formatierung.

Ventura

https://www.tandfonline.com/doi/pdf/10.1...15.1165917


Zweig suggests three crucial conditions for a bear market: 1. Extreme deflation. This is not present in 2016. 2. PE ratios of 18 or above. The current PE of the S&P is around 22, which Zweig says is bearish. However, he says the exception is when profits are low (causing high PEs) because of a business downturn. This is the case in 2016 with poor earnings. 3. Inverted yield curve. An inverted yield curve last occurred in early August of 2008.