To The Moon

The Price of Recession! 

Let's make a wild guess for tonight! 

[Sly] S&P 500 will bounce back 2% to 3739 after last night's 3.25% sell off. Hmm?

Don't be mistaken. If it rebounds, it will be BUT a slow decline down into the abyss that  I suspect will end by 2022. Yes, a painful process for all but inevitable. 

I could be wrong and it could be a steep drop right to the bottom by June end! Haha [Happy] Unlikely, though. 

Whatever the case, 3200 for S&P500 is highly probable. Current valuation at 3666 has some parts of recession factored in, but maybe not all. Further bad news (e.g. higher inflation in June, poorer earnings for Q2, etc...) would open the floodgates for a steep plunge as shown in the CAPITULATION phase of the stock market cycle. That looks like where we are now. What do you think? [Doubt] 

It's going to be a slow crawl back up. However, it will be worth the wait. For most, this might be this first "real" long drawn bear market experience. (No, COVID down and up cycle doesn't count [Grin] ). 

The market might finally recover many many months later,  and the satisfaction of delayed gratification would feel all the more sweeter! 

TGIF everyone! 

@TigerStars@Mainstreet_Trades@MillionaireTiger