It doesn’t matter. Up..down…sideways. Money to be made in each. There is no noise. Only movement. P.S. If voting mattered, they would not let you do it. George Carlin
I am my own poster, and when I think I am being funny, I will try my damndest to be funny. And I have not picked on Canada in a while, so felt the opportunity to make a funny. Cut me some slack. At least yer not evil mouse, oh man, I pick on Aussieland a lot more than Canada.
The funny part is it's colder weather where TreeFrogTrader grew up then where I live in Canada. He could have moved here, enjoyed warmer weather, and got a real education.
Another man eaten by shark at Fremantle beach on Saturday, not that far from where I live. Shark took him away, not deep water, all they've found is a pair of goggles. https://www.perthnow.com.au/news/sh...ontinues-for-victim-paul-millachip--c-4473207
Given the current geopolitical climate, it seems appropriate to adjust the targets. $2700 SP500 is highly unlikely to be the bottom. 2650, 2300, 1900 are probable support zones. With bottom occuring likely at around $1500 SP500 From top at 4800 to 1500, is a 69% correction. We crashed 57% in 2008 and the bubble has grown much greater this time.
If the Fed is serious in keeping rates high, then yes the S&P can drop 70% especially if the bloated P/E of AAPL, MSFT, etc. come down. The most bloated companies reliant on free Fed money via VCs are dead in the water. So NASDAQ could drop 80% again.