The scary thing is because of the timing the drop has so much more to go.
I don't see a bottom until October the earliest maybe not until early/ mid 2023.
And good luck trying to outwit the system and pick the next bear market rally.
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Depends on S&P500 forward earnings and PE at a higher inflation rate. 230 dollars is forecast. A below normal PE is 14. Floor would be 3450. If 16 then 3680. If earnings forecast contract to 200 then 3000 as PE would be 15.
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So why can’t we reverse any quicker than October since we dropped much faster than you thought?
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