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Payne's Perspective: January 24, 2022: It's Not Doomsday

By Charles Payne CEO & Principal Analyst

The sell-off mode continues, and it's painful. It also calls for tough decisions. In order to make these decisions, investors will have to look into a crystal ball that foresees weeks, months, and years from now. This report will look at the current state of the market, what might happen in the near term and what might happen in the long term. I want to make this clear up front: This is Not the End, and if we play our cards right, this could be the beginning.  

Assessing Near Term Risks

Using charts and key valuation metrics, we can get an idea of how much more downside risk there is, and how much is reasonable, and how much is overkill.

S&P 500

The S&P 500 is cutting through its 200-day moving average. The next support point is just south of 4,300; the inability to hold there could lead to a meltdown toward 4,000. Buyers should move closer, taking action with a close above 4.500. The price-to-earnings (PE) ratio has come down dramatically.


PE Ratio

PE Ratio (year ago)

Forward PE

S&P 500




To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies


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