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Thank you Dear [Mis]leader Xoe!
Glad I’ve got more than a decade before I retire. Sorry for all those retirees out there. Don’t vote Dim. Ever.
That means that stocks, on average, are overvalued by at least 23%.
I think I will sit my millions out for a year.
Uh huh. That is what I will do.
Well, my broker’s EF Hutton, and EF Hutton says....
Well if that’s the case, I’ll be buying stock in the S&P companies then.
Sounds like a good buy signal 🚦
BidenDepression 2023
As I keep saying
With a side of World War III by Spring, 2024 /shiny side out
YMMV
Throw another multi-trillion dollars at it just to be safe.
Why can’t these people stick to basic English. Their florid prolix prose doesn’t help describe the issues.
Because of the incredible changes in our economy (and the pace of change) brought about by technology, the old rules and metrics just don't work to reliably predict the market or the economy.
Imagine compressing all the technological and industrial changes of the 20th century into a single decade.
The Model T guys over at Ford are laughing at the buggy whip makers, completely oblivious to the Boeing 777's right behind them. And Boeing engineers are laughing at the Model T guys while right behind them...
It's a whole new ballgame.
I think the author got something wrong.
I think he meant the S&P could fall to 3000, not fall 3000 points. That would be S&P 1,000. That would be a Depression.