No. of Recommendations: 1
With now -20% in the S&P after 1 month what´s your personal opinion in light of that: Do you think it´s different this time? Or that it will go for that MANY more weeks to come effectively sideways? Or else?Here is a scenario
1. Market drops 15-20% (done)
2. Market bounces back 5% - 10%
3. Market slowly slides down another 20% (with many ups and downs over a 2 year period)
In terms of SP-500
Top : 6,100
Stage 1: 4,880
Stage 2: 5,300
Stage 3: 4,200
If you can forecast a true bear, Stage 2 is an excellent time to sell...
BTW: A "deep" bear would be 3,700 or so; which I would put in the 30% likely scenario...
tecmo
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