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To: Tell It Right

We need a good healthy correction.
I would like to see to down drop down 2500-3000 points..similar to controlled burns in the forest rather than a raging forest fire.


7 posted on 01/21/2022 12:21:10 PM PST by setter
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To: setter
IMHO with Shiller PE at 40% above average I'd expect a 30% drop among S&P 500.

Since a huge portion of the Dow's 30 companies are in the tech sector, the DOW might drop 50%. But I hate using the DOW index as a barometer of the stock market because it's just 30 companies and lately it's been a bit sector biased. IMHO, the S&P 500 is better barometer because it's the largest 500 companies regardless of sector.

I expect a jump in long term treasury funds by about 10% or so (think TLT or PRULX).

9 posted on 01/21/2022 12:25:27 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: setter

Yes. A healthy correction should happen after our demented fake president gave a two hour public stream of consciousness anti-American monologue with pretend press q and a giving a green light to an enemy of the state to invade another enemy of the state to whom he and his family owe a debt after having taken large funds under the table

That’ll happen

Wait till the reality of that shock really sets in.


11 posted on 01/21/2022 12:29:00 PM PST by stanne
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