Quote:
Originally Posted by Rex Phinney
The SPY price you quoted is about 15% down from here. I find that to be totally believable & reasonable. The only thing I'm unsure of is does it go there by year end or does it get some bounces between now and the bottom. I'd have to think any kind of bounce would be met with sell offs to stop it in it's tracks.
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this projection is only for this leg down. much more downward pressure to follow.
bear markets don't usually go straight down, this one looks like a big mess to me.
