I've looked at Warren Buffett indicators and debt indicators and came up with these target. This could be a really painful crisis. I also looked at overall PE ratios in the markets. I believe we are in the biggest bubble in the history. Debt bubble, stock market bubble, and bonds bubble. Also we have the highest margin used in the stock market in history. Please buy stocks with caution. This is the type of situation where every ticker in the stock market can go down. Even the ones you think they can survive. Have some physical cash on the side as well as physical gold. Yes physical gold because the gold ETFs can get crush just like when oil ETFs got crushed during the panic selling in oil contracts. This is because they are so leveraged. So you don't want to get caught in the fire. Thanks for the view.
Its gonna trade in a range of 3000 and 2200 this year. Next year 2021, 4000 down to 1900. Bigger range.
BigPippinSpendingGs
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@josephtse, unlikely. year 2016 through 2020 was the blow off top just like Japan did in the late 1980s. I don't think we will see 3000 for decades. I could be wrong but we are in the same shoes as Japan was in early 1990s.
Zardex
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100 ?! Yea it’s not going to happen ...
MinerChad
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I agree, all looks bad for the foreseeable future. The time is near to begin taking many short positions.