mistera123

1987 Decline vs. Today

Short
SP:SPX   S&P 500 Index
Based on the path seen in 1987, a bottom would be set around April 1st and then retested about 5 weeks later. This is only meant to offer a comparison and in no ways means this will likely happen. One thing that is notably different between now and 1987 is that there was no looming recession in 1987. In my opinion, this means the current decline is likely to last longer and could very well go lower.

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