The ferocity of the market collapse makes this different from all other market crashes we have seen before.
We have now entered target 3 and are about to wipe out 12 years of gains on the S&P500 .
Breaking down through the 2000 points support will see us enter the value zone.
But what is value to you?
You could re-enter the market under 2,000 points to watch your investments deteriorate by another 25% down to the year 2000 and 2007 stock market highs at 1,500 points.
This market shows NO SIGN of stabilizing as you can see from the long-term weekly chart. The is equally as horrific.
The new has not been found.
I expect a fall through into the value zone and potentially to 1,500, but it all depends on how quickly we emerge from the crisis.
Don't Try to Catch a falling knife.
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