Post by
Socrates1 on May 30, 2024 8:54am
The Pendig Crash
Our two precise targets here in 2024 were 40825.47 and 44300.58. We can see that since the Dow did NOT peak precisely on May 7th, that is the GOOD NEWS. Otherwise, that would have warned of a decline of 4 to 5 years to come, which really did not make sense given the prospects for the combination of war and the Sovereign Debt Crisis.
There is no question that 2024 was a Directional Change and we still see higher volatility into 2025. Yes, one would expect commercial real estate to crash with higher interest rates and the damage done to this sector thanks to the COVID lockdowns.
JUST WHERE WILL WE DO END UP IF THE MARKETS CORRECT?
$1.50 IS NOT ONLY POSSIBLE IT MAY BE THE HIGH END OF THE LOW! Chew on this and post more forward looking craap totally irrelevant to share price or company quarterly reporting!
Hate me more now? Lol...... Truth hurts doesn't it.....