Hi WestPacific, I have a question.
Is the US equity market heading up, down, sideways, up and then down, down and then up, tomorrow, in the short term, long term, and in my life time?
I do not know the answer.
I guess down, down, up, down, down, down, side ways, up, down, down, side ways once again, and, one fine day, up, up, down, up. I have reasons for my guess; you know them pretty ‘debt-ly bubbly’ and ‘bursting-ly’ well.
I guess this pattern will be the case over the next few weeks, and ‘fractal-ly’ speaking, repeated in similar pattern on a longer time horizon covering the next 36 months, and maybe longer if policy mistakes are made.
The system is weak, many events can go wrong, resulting possibly in market shaking outcomes we want no part of, and once help is on the scene, the cure may do us additional long term harm.
Bottom slapping guesses, Nasdaq hits an ultimate low of 1,400, and maybe 900, and S&P and DJIA making generally the same unhappy journey, maybe 0.7-0.9k and 5-6k respectively, unless of course lower still, or maybe not at all.
Others have much higher and much lower guesses, and all for reasons that can be voiced with some level of conviction.
Thank you for having roused up this current thread of discussion.
Chugs, Jay
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