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Looking at past posts, I called the Dow hitting into the 9000s, maybe the 8000s.
I think the 8000s is now a certainty. IMO there has been a lot going on that hasn't been made public. The govt has done everything it can do to prop up the economy and put bandaids over the serious problems in the financials (and other areas).
But they're out of bullets now. The unraveling should begin in earnest now, and I would not be surprised at all if the major indices take a 50% hit from their peaks.
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