Markets will correct 50% from today’s close

Dusting off the thread..
Having said so , I will run the fundamental scanner and post few target prices ( much lower that current levels). Clean balance sheets, dividends acceleration last 5-10 years , stable Payout ratio , insiders buying
Just in case

 

The dollar index will go to 20 and Dow will be at 50000.

 

This is the same reasoning that causes today's crisis.

 

oh my...

 

Nice call iv. 30% down, 20% more to go.

 

Thanks RM.
I will start posting few entry targets next w/e (waiting for new revisions in earnings estimates)

 

nice call!

i originally misread the prediction "within two years" as "in two years".

 

First day of buying for me…Started to replicate (partially, no Fin or GM) equal weighted DOW .
High div yields, payout and some others fund’s.
Selling OTM calls (covered) two SD’s away

 

Nasdaq is down 38% since my call…hmmm , how this bail working out ?

 

Well, back when this was said I wasn't thinking in terms of a 50% drop. I was thinking 9-10K Dow probably, 8K Dow maybe. But the cascading meldown of the financial system and the economic fallout has changed all of that.

I can see scenarios where, looking back, 50% will have been too conservative!

BTW, anyone know what happened to the moonshot guy? Did he burn up on re-entry or explode on take off?