I'm going for 8.5k as the ultimate bottom. If it closes at significantly below 8.5k, then all bets are off for a new low. You had better pray that 8.5k is the bottom, otherwise -- you will see no meaningful recovery of the DOW & S&P in your lifetime.
Graph the Nikkei and you'll see what I mean. They are 22-years into a super-mega bear with no end in sight. NONE. Japan has lost an entire generation of investors that will never ever invest again.
Originally Posted by RYou  The chart may give some indication.
The global economy isn't this bad, just the financial markets. |
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