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Strategies & Market Trends : The Millennium Crash
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To: Real Man who wrote (5671)11/3/2022 7:55:38 AM
From: Rarebird  Read Replies (1) of 5676
 
By the time Powell is finished raising rates, the economy will be in deep do do and deflation will be here.

5% Fed Funds is coming and perhaps 6%. California is still sending out stimulus checks, placing even more inflationary pressures moving forward.

Permabears need only be right once to be right.

There is a path to under SPX 1000. Not sure if we get there, but by the time Powell decides to ease, it may not make a difference.

Next stop SPX $3200.

This market is totally screwed.
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