The Scenarios of ES Devastation
I hate to be a doomsday preacher as they run rampid around these parts, but just wanted to make a nice clear drawing of some of the consequences of that sweet bull run we just had.
Just as a reference, in October 2007, the mini was at about 1500, by February 2009, a range I think will be comparable to our upcoming depression/recession, the mini was at 735 amounting to appoximately 50% in losses. Today that would be about 1850 ES points brining us down to 1850. Is that probable? No, it isn’t…but...
when people think you are nuts when you say we could go as low as 3400, you have to shrug and laugh, because what is even more possible (not necessarily likely), is that we head on down to sub 3000. Sure, that will be offset by more money printing, but the equivilent might be a completely flat year ending at somewhere in the neighborhood of 3500-3600, and what will really hurt is that any of those US dollars you saved start to turn into Monopoly money or kindling for the fire. Oh yeah, and you don’t have any income anymore because there aren’t enough jobs and robots do everything now.
For now, hope for the best, but be defensive and cautious.
Happy Holidays.
Just as a reference, in October 2007, the mini was at about 1500, by February 2009, a range I think will be comparable to our upcoming depression/recession, the mini was at 735 amounting to appoximately 50% in losses. Today that would be about 1850 ES points brining us down to 1850. Is that probable? No, it isn’t…but...
when people think you are nuts when you say we could go as low as 3400, you have to shrug and laugh, because what is even more possible (not necessarily likely), is that we head on down to sub 3000. Sure, that will be offset by more money printing, but the equivilent might be a completely flat year ending at somewhere in the neighborhood of 3500-3600, and what will really hurt is that any of those US dollars you saved start to turn into Monopoly money or kindling for the fire. Oh yeah, and you don’t have any income anymore because there aren’t enough jobs and robots do everything now.
For now, hope for the best, but be defensive and cautious.
Happy Holidays.
Uwaga
some text got cut off, eh well, I don’t wanna do that again, so depressing
The prediction is in...
= FIB
= FIB
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The prediction is in...
= FIB
= FIB
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.