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Strategies & Market Trends : US Inflation and What To Do About It
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To: John Vosilla who wrote (1453)3/20/2020 9:50:03 PM
From: RetiredNow  Read Replies (1) of 1504
 
SPY closed near the lows today. I was thinking it might print $220, which is the 35% down mark. Don't know what comes next, but you are right about the bankruptcies and retail carnage that will ensue if they do this lockdown for the next 30-60 days. It's looking very grim. May get worse before it gets better. I think we'll see SPY at $200, maybe as low as $165. It's going to hurt badly before it is over. I'm getting less convinced that this is going to be V shaped.
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