SP500 - Overall 50-70% Decline in Markets
We have the death cross, bearish market structure, inflation, US stocks overvalued, major debt, rising interest rates, rising food costs, supply shortages and many more factors which will cause a major market correction over the next year or two, maybe longer.
We may get a bump up to the 50ema or 200ema but a continued fall which I think will be between 50-70%. Why not take the money and move it to something a little safer than equities? It will take years to fully recover from this correction. Markets are always bullish bias which is needed but this bubble will change the landscape for awhile.
I'm just some random guy on the internet stating my opinion.
We may get a bump up to the 50ema or 200ema but a continued fall which I think will be between 50-70%. Why not take the money and move it to something a little safer than equities? It will take years to fully recover from this correction. Markets are always bullish bias which is needed but this bubble will change the landscape for awhile.
I'm just some random guy on the internet stating my opinion.