The trend starts in '98 before the dotcom crash, and at every crash since, AAPL has fallen ~30-60% to reach support at a trendline on the log chart. We're just over half way down to this line now from the highs.
If a recession is coming, another 30% down to $100/share is where I'll be looking to buy back in (which is 40-45% off of the all-time-highs).
This will also bring the PE to ~16x, which is where SPY averages today.
If a recession is coming, another 30% down to $100/share is where I'll be looking to buy back in (which is 40-45% off of the all-time-highs).
This will also bring the PE to ~16x, which is where SPY averages today.