S&P500 70%-80% Crash - Deflationary Depression

Most severe corrections, AKA 'crash' give back ~4-6 years of gains. Breaking below 2014/15 price ~2K is unlikely IMO

@DaddySawbucks, 1500ish "re-test" would be nice (haha)

Agree

Dont you think the previous double top at 1560 will serve as a resistance?

@willy92wins, I think that’s too obvious and most people will think that. If the selling pressure is big enough it can blast through that level and liquidate buy orders there.

@Lcho07 , what is the catalyst?

@kishnara investors would need to decide that returns are higher holding cash than stocks, bonds, and other financial assets. I thought every day this year that investors would realize cash is king because of deteriorating economic indicators, but they’ve plunged along down the risk curve with a sense of cheery optimism and trust in their leaders like Chairman Powell. I don’t anticipate anything being the catalyst until they slam in the wall. I don’t know what that wall is going to be or when they’re going to slam into it. But I hope it’s soon and it’s a very strong wall

@unicow, Thanks. Makes a lot of sense.

@unicow, interest rates near 0%, how can cash be king ?

@SwissBull, because bond risk is not being priced in to reflect risk in the source of bond payments—the deteriorating economy. When it’s obvious that bond holders will lose principal, equity and bond markets will reprice and cash will have a higher return than financial assets.