Subject: Re: Reversion to .....mean? S&P?
"The professionals are all battening the hatches, big time. Only one of the two groups will turn out to have been right, and the author gives a hint of which group they think it will be:"

I was looking at charts of the S&P500 on Friday.

In the last 16 years (since the financial crash) the US economy has roughly doubled in size. Even with the recent drop, the S&P500 is at over 5x the 2009 level. The rise in the last 16 years is crazy large and I can easily see a lot more of it unwinding.

SA