SocGen Permabear Albert Edwards Says We're Headed for S&P 450

Publish date: 2024-03-24

SocGen permabear Albert Edwards has released another scathing assault on those doubting the downfall of the U.S. calling the country's situation "much, much worse than a decade ago in Japan (via Zero hedge)."

Advertisement

And the impact of this terrible environment is going to be felt across asset classes. Notably, Edwards' prediction on the future of the S&P is particularly alarming.

This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Related stories

From Societe Generale (via FT Alphaville, emphasis ours):

We will return to the valuation nadir last seen in 1982 with the S&P bottoming around 450 (see chart below).

And Edwards' vision for PE as a result: 

ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufony0u8KgnKdloJq%2Frq3BnpirZZGhr6a%2B02acna%2BRp7G0edKpZG1tYGJ%2FcX2PZm8%3D