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Feel very much like it, although P/Es this time did not get as high as they did during the last tech bubble. If what he says is right then we may have a big rally next week? We'll see if it plays out. If it does then we will see a bottom end of 2020 with the S&P 500 at 1830 or so.
I don't trust anyone's call at this point. No one know's what's what. Bear markets historically last 6-18 months is all I know.
In 2000 tech imploded and defensive stocks held up from what I recall. Right now this selloff is taking everything down.
I dont believe anyone that claims of a market crash, especially when they have a set date.
You can say what is happening now could turn into a crash. That is very true and there is evidence of it happening, but it could just end up being a bad correction. Once it happens we will know the answer after the fact. All we can do now is look back to our risk management plan. Everyone should have one.
It would be good if it goes down a lot and stays that way for a few years so we can DCA into it and lower cost basis. This year has not been good due to all the fake rallies that resulted in purchasing stocks sky high.
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