Here’s clearer look at gurunteed impending lower levels across the entire market. 20% minimum to go. Read my last idea dissertation on the markets that I had posted just a few minutes ago. This is an updated chart to show where NASDAQ is heading.
It’s again quite simple. 8892 is only 10% lower from here. That’s just still not enough PE compression. We are still up 525% since January 2010. That’s ridiculous. Purely liquidity melt-up not based on any fundamentals. Earnings were also a garage.. If you know this now you’ll take the red pill and understand how Marcus will work going forward and how they always...
It’s not difficult right now to understand that all the indexes are over value. S&P 500. Morgan Stanley today though I don’t need them brought S&P earnings to $190 a share. So 190×14 X equals 2660 on the S&P 500. NASDAQ 9000 is where I have been for many many years. It’s again not very hard to understand. 15 year failed federal reserve experiment with 9 trillion...
Long way to go before a bottom...apple comes down to 100-105 msft 150-175 and/or the VIX above 50!! until than no bottom...Vix is so orderly telling me we will not reprice 15 plus years of a Mirage of a market aka QE and 0% rates in 7 months...takes years after the failed fed experiment with 9 trillion on the balance sheet.....and hundreds of other headwinds WITH...
Very simple chart here with Fibonacci retracement levels. Looks like we’re heading to 14,161 on the NASDAQ. They should be good support there but possibly for a little more fall in my opinion
