Earnings of the S&amp;P 500 $SPX here: https://t.co/4N4mcmn06a…

Historical P/E ratio info: 
https://t.co/YWxcR9WxKk…

At minimum it makes the argument that we can go to a P/E of 15.

Earnings were 133, but we certainly don't expect that.

20% off: 106

106*15: 1590

$SPY $DIA $QQQ