Ok. I got to calculating some worst case scenarios tonight cause I'm bored at work.
In my opinion and not that I think it's likely worst case is 50% fall. That puts us at sp500 1995, just under 2000. I find this highly unlikely but I like to consider worst cases just for the heck of it.
More realistically I could see a fall to 3000 but I also put it slightly unrealistic at least till February or March if that and I'm not even sure.
So I'd say that from here a more realistic drop would be at most maybe 25% which to me isn't a big deal.
I think though there's more reason to believe we will first approach 4200 or 4300 and then maybe we could see a retest of 3500 or whatever.
But I always like to consider the worst case and to me 50% is really extreme although I'm sure there's some wack jobs that say we'll hit 2000 or lower.
I think with inflation finally coming down and Jeremy Siegel the other day saying “inflation is done!” On CNBC that we will have more upward pressure at least through December I think.
Anyways what's your realistic bear case?
Mine is 3000 I'm gonna say, but we may never see it imo.
Peace all. We're in this together and we'll get through it!
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